Are we on the cusp of an upswing for property?

I like your optiminism Sash! I think if no more natural disasters occur and US economy is starting to recover, then we will see upward on property but I somehow dont' think interest rates are going down any time soon. In saying that the place where I work has lost 30% income due to Oz dollar being so strong. How many other businesses this is going to affect and what this does to inflation, I couldn't say because the $AU hasn't been this strong since it was floated in 1983.

Great thread though - its good to hear all the opinions in such a lively but civilised discussion! (please no more scantily clad males - its putting off my dinner!)