Housing bubble in Australia? Ridiculous, says leading economist.

Apparently housing in Australia has become a giant ponzi scheme that is maintained by sellers having all the same strategy. Don't make the same mistake as US sellers, and never, ever lower your price! The strategy also includes honeymoon periods of low interest rates. We cannot forget that Australia was once a drop off point for criminals from England. There appears to be a slight of hand going on in Australia, but we could be coming to the end of the party.