I'm surprised they've kept it going this long. Australia is at the mercy of the Fed, ECB, and the PBoC. I don't expect a property correction here until something crazy happens overseas - maybe European bank / derivitives related. When the bond market deflates, shares fall, derivitives unwind and banks fail it could be very bad. If we make it through 2018 business as usual I'll be amazed. But I've learned to never underestimate the power and resolve of central bankers. It could be years still.
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I agree with what your saying, there are so many black swans circling it's ridiculous, any of these could blow it all up. I think we have a few domestic problems that could blow up pretty quickly as well, like a government downgrade, sharp rise in unemployment etc etc. I guess time will tell my friend, thanks for the reply. Cheers