My daughter is a real estate agent in Melb. Forget all the 'up' talk from them, in reality it's 'hitting the fan' with far too many people financially overexposed she says. The rental market is falling [through the floor] on inner city investment property that was way over-sold and over built. Even here in [small]Paynesville on the Gippsland lakes, there are over 250 properties for sale and over 50 perm rentals empty. The ass is out of the coastal 'sea change' market in most places.

2 commodities go up in economic downturns and recessions [for certain every time], gambling and alcohol. No, I don't mean drink and punt more [that's what everyone else will be doing], buy shares in those ventures ;-)