SOS Short Australia Property?

Why?

1. Fundamentally overvalued. The affordability index (house price over household income) is about 8 times vs USA 4.9 times before it collapsed.





2. Bank's portfolio for property is about 55% vs USA about 30% before it collapse





3. The property purchase basically driven by cheap financing costs and liquidity (easy to get loan)

When?

Anytime from now to mid 2012.

How to profits from it?

???