A stablisation or slight fall off a high base (which is where the double digit house price growth takes us) is not the same as a housing fall in my opinion 😉

I realise that Westpac left there options open, but I still think saying a fall is on the way is taking a bit too much out of it 😛

And this one:
“In 2010 we expect interest rates to rise, net migration to slow, and a strong increase in house building. This will negate the market’s short-term strength and cause a downturn, possibly involving another brief period of house price decline, or a longer period of house price stagnation.”

And this one:
“But eventually, house prices will be high enough to incentivise a pickup in construction activity. And eventually, short-term interest rates will rise. When one or both finally come to pass, the market will turn and house prices could fall again. And changes to the tax regime could be seriously negative for house prices.”

What was that about actually reading the article? 😉