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I just found this:
http://www.moneymorning.com.au/aussie-house-prices-3.php?gclid=CMnGw_Ok8KgCFQrhbgodoENfDA

In this must-read report, Kris Sayce reveals:

    * Why the value of your home could fall 61% the minute interest rates start rising... (Beware: the Reserve Bank has 11 chances to hike rates each year!)...
    * The truth about the so-called 'housing shortage' underpinning Aussie property prices - and why it never existed...
    * How the government secretly raised the cost of your mortgage by 109.9%...
    * And the REAL reason why locking all your money into a pile of bricks is not the best way to achieve financial security...

If you're thinking of buying an investment property in Australia in the next 24 months - or even if you just own property - you need to read this report now.

It could be the only honest info you get on Aussie real estate this year.

Basically, there are two schools of thought when it comes to investing in Aussie property.

On one side, you've got a very vocal group of property spruikers - they believe things are pretty much okay and house prices are supported by population growth, low interest rates and a chronic housing shortage.

On the other is a smaller group of housing sceptics - they think Aussie property is in a bubble that's been fuelled by easy credit and stimulus (low interest rates and first-home buyers' incentives) - and as the stimulus gets wound back the bubble will burst, sending property prices tumbling.

So which group should you trust?  



Science without religion is lame, religion without science is blind...Albert Einstein
by vbo on Tue May 17th, 2011 at 08:58:05 PM EST
Check out Steve Keen's Debtwatch. He had to take a rather long walk last year on account of the government's boosts to residential real estate prices, but I think he is right on the basics, just wrong on the timing.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat May 21st, 2011 at 01:03:10 AM EST
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