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Why? Are homes mainly bought by offshore money? :p Which currency would you prefer? Yen? ZWD? :D

Here's a fascinating chart from whocrashedtheeconomy.com:

What is there is 8 options for prices rising, from slowly to 300% the rate of inflation. And only 2 options for prices falling a little bit. Not a single option that goes anywhere near the current rate of decline, nor one that is within cooee of what my models are predicting (they're all far...

You'll be pleased to know then that I concluded no such thing! :p Besides, lower home prices are a good thing. Both for investors and those who care about the balance between how much we spend consuming (homes are technically a "consumer durable") and how much we spend saving/producing. :)

Well Brisbane is down 3.3% for the September quarter. http://www.abs.gov.au/AUSSTATS/[email protected]/Lookup/6416.0Main+Features1Sep%202008?OpenDocument What the hell does "less than -2% (ie increase per year %, but averaged over the next 2 years)" mean? Can somebody interpret for me? I checked this...