Great point. lindsayrgwatt has picked examples from Canada and Australian - the two developed markets which some see to be overpriced and which haven't yet had

Great point. lindsayrgwatt has picked examples from Canada and Australian - the two developed markets which some see to be overpriced and which haven't yet had a painful correction. Australian housing might have jumped the shark already - there's been lots of noise about this over the last couple of weeks. http://www.google.co.uk/search?q=australian+housing+market&hl=en&client=firefox-a&hs=oDz&rls=org.mozilla:en-GB:official&prmd=ivnsu&source=univ&tbm=nws&tbo=u&sa=X&ei=CvenTauBPdCo8APTopW5Bw&ved=0CDsQqAI&biw=1073&bih=563 http://www.google.co.uk/search?q=australian+housing+market&#...