Property bubble won't burst till 2006/7: "Australia's residential property market was showing signs of slowing but there would be no bursting of the house price bubble in the near term, BIS Shrapnel said today. In a report detailing its latest expectations for the market from 2004 to 2007, the forecaster said it expected demand to hold up and continued low interest rates to sustain the residential market in the short-term. This was despite weak first home buyer demand and a drop in investor activity, it said."

""This data and the above factors will ensure the price bubble does not burst in the short-term, with the residential property market not expected to enter a downturn until 2006/07 when high interest rates bring a price correction," BIS Shrapnel said."

Property bubble won't burst till 2006/7: "Australia's residential property market was showing signs of slowing but there would be no bursting of the house price bubble in the near term, BIS Shrapnel said today. In a report detailing its latest expectations for the market from 2004 to 2007, the forecaster said it expected demand to hold up and continued low interest rates to sustain the residential market in the short-term. This was despite weak first home buyer demand and a drop in investor activity, it said."

""This data and the above factors will ensure the price bubble does not burst in the short-term, with the residential property market not expected to enter a downturn until 2006/07 when high interest rates bring a price correction," BIS Shrapnel said."