Comments on Stephen Koukoulas “All signs point to a house price hike”, 10/01/2013, http://www.businessspectator.com.au/bs.nsf/Article/Australian-house-prices-property-market-interest-r-pd20130110-3SR4N?OpenDocument
While I understand the point of both Stephen Koukoulas' and Bill Edwards'. However, I'd add one point that both may have missed, that is, the international factor particularly the housing situation in the US.
It may work either way, that is, either for a housing rebound or a continuation of stagnation.
Should the US housing market show strong signs of recovery, then the Australia housing market will follow suit and possibly overshoot.
On the other hand, if the US housing market continues to struggle, then the Australian housing market will stay put.
It is a confidence contagion internationally, following the GFC.
Another international factor is buyers from overseas into the Australian market, including those associated with international students studying in Australia when some of their families may buy properties here.