The Age asks Steve Keen about house prices :
It has to fall at least as far as the US market will, and probably a lot more. Some conservative pundits think US prices need to fall another 25 per cent to restore pre-bubble valuations, and they’ve already fallen 8%. That means a 33% decline from a peak that’s 30% lower than ours.
» End of the boom? The Age – 9th February 2008.