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Old 11-26-2008, 12:48 AM  
bhutocracy
Not making A Comeback
 
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Join Date: Dec 2001
Posts: 10,218
Quote:
Originally Posted by TidalWave View Post
is it time for me to buy a house in Australia?

Maybe in a year or two. Australia has a housing shortage so we're not going to fall like the US or UK but we'll still fall somewhat. Wait for the recession to hit us properly. it's not like in the US where people can just walk out of a house.. Here the loss on the house stays with the person, not the bank so people don't bugger off so easily.
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