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As far as I am aware, John Edwards does not post on this forum. Propertunity was just posting an article from an external source, for our information. Up to us what we do with that information. (OK, on rereading the first post, I guess it might have been better to put the article in quotes)...

In 2005, the majority of economists and analysts were forecasting blue skies ahead for property and equity markets. And they were right. These markets grew strongly in 2006 and 2007. The Sydney median house price rose by about 10% over 2006 and 2007. Then the GFC arrived and equity markets fell...

The announced immigration cut will reduce Australia's population growth rate from 1.7% to 1.6% per annum, which is still one of the fastest growth rates in the world. Much higher than USA (0.9%), UK (0.4%) or Japan (negative).