A property crash? Don’t bet against it

I generally admire the work of business journalist Ian Verrender. But when it comes to his articles ruling out the possibility of a major property crash in this country, one of us has a blind spot. Perhaps you can help me figure out whom? I’m talking about recent Fairfax article A property crash? Don’t bet on it 2 Feb 12 (not to be confused with A crash in property prices? Don’t bet on it of 6 Oct 11). Firstly, I agree with the author that a spectacular 30% house price fall isn’t the most likely outcome. Australia 2012 isn’t America...

I generally admire the work of business journalist Ian Verrender. But when it comes to his articles ruling out the possibility of a major property crash in this country, one of us has a blind spot. Perhaps you can help me figure out whom?

I’m talking about recent Fairfax article A property crash? Don’t bet on it 2 Feb 12 (not to be confused with A crash in property prices? Don’t bet on it of 6 Oct 11).

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