Bubble bursts on housing boom

Story in the media today.

Bubble bursts on housing boom

It appears the bubble has finally burst on Australia's housing boom.

Sydney, which is seen as the main indicator for the nation, has suffered severe drops in housing approvals, while property prices have stopped rising for the first time in two years.

Click to expand...

http://news.ninemsn.com.au/ninenews/story_44711.asp

G'day
If thats the case i'd better get into the Brisbane market as its performing well and tipped to be the new star in the property league!!
Speculatively speaking Brizvegas is said to follow the Sydney market. Its a few years behind and there are bulk bargains!!
What do you know??!!

Trump63

Hmmm....

Maybe it's time for me to sell all my Brisbane IP's. Cash up for buying back into Sydney.

Cheers
Robert

You are such a contrarian Rob. A typical response!
Seriously, though, from what I've read and seen, the slowdown seems to be affecting both cities, though to what extent still remains to be seen.
'Twill be an interesting future, I'm sure....