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What will happen to Australian house prices in 2012?

They will increase by 10%
They will increase by a small amount
They will stay about the same
House prices will fall during 2012

The following statistics were collected from the Reserve Bank of Australia website.  It is important to note that there is no specific goal for the rate of economic growth in Australia; the most important thing is that economic growth is sustainable.  This suggests that it must be high enough to generate increases in living standards and job creation, but not so high that it will lead to inflation or an expansion of the current account deficit.  Recent statements by the RBA suggest that a figure between 2% and 3% is achievable.

Year Percentage Increase in GDP 2004/05 2.8% 2005/06 2.6% 2006/07 3.9% 2007/08 2.9% 2008/09 0.6%

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