16/07/12: Are we in a property bubble?

Is this time any different?

There's a tug-of-war between optimists and pessimists, between economists, investment journalists and the real estate industry. Are we in a property bubble or on the verge of a recovery? This difference in opinion also seems to depend of your particular vantage point (ie Perth vs Melbourne) and whether you believe economies in the rest of the world will slowly recover or deteriorate. This article, written by Robert Keavney for Money Management Magazine, suggests our 'luck' (in the property market) is about to run out. Read more here.  Rick Maggi.