Even the experts opinions differ when it comes to what the property market is going to do next, as evidenced by recent comments from four of them in the Herald (Aug 7): Bernard Salt (KPMG property analyst) believes that, if the cycle theory is correct, then a property upswing will begin, with Sydney first, in 2006/07 before spreading to other parts of the nation. His estimation places the next cycle as running from 2007 to a peak in 2011. A.Zigomanis (BIS Shrapnel) expects strong economic growth to maintain stablity in prices over the next 12 mths, with prices expected to weaken in the medium term as higher rates impact on affordability. Rod Cornish (Macq Bank head of property research) anticipates moderate capital city price movements over the next 18 mths with continued price drops in weak sectors such as generic apartments in oversupplied locations. Monique Wakelin (Wakelin Property Services) forecasts steady growth over the next 12-18 mths or so, with a moderate upturn to follow. With varied schools of thought, it's sometimes difficult to know what is going to happen. I'm sure that most of us would agree, however, that there needed to be an "adjustment of affordability", which seems to be currently occurring now (in NSW at least). What are other's thoughts?