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Austalia is having it's biggest population boom now. Property prices will rise. To top up on a few NSW posts here, NSW is experiencing: 1. Population Boom 2. Development Shortage. 3. Housing Shortage. 4. Yet, consumer confidence. 5. Business Confidence. 6. And lower than expected...

Not to mention that back in Nov 2003, the cash Rate rose to 5% (6.8% Interest rate) and Interest rates were STILL perceived as relatively low. Regards JO

Australia's Credit Policy and Regulation Standards were supremely higher than that of the the USA. If we had have allowed people that were borrowed up to the hilt in debt with absolutely no way to pay back by normal income means - to simply hand the keys back to the bank and walk...