From where I sit selling property the way I am right now, I can't see a recession any time soon, or later. I'm about to start my Certificate IV in Property (full licence) and there's no way I'd be doing it (2 years part time) if there was even a remote possibility of it happening. So I wouldn't be listening to these bullsh*t newspaper and radio reports about petrol prices going through the roof or interest rates going sky high. They already have! Petrol was 70c a litre when I first got my licence almost 7 years ago, and it's gone up $1 since then. If it were to follow the same trend it would be around $1.50 a litre in 2012. My old man used to pay 5c for a f*cking can of coke. Now they're $2. That's a huge % increase in 30 years. It's called inflation people! And interest rates will only slightly curb it! If families are not budgeting more towards their mortgage and less to their extra spending, then they'll keep going up. If spending goes down, rates will slowly follow. But it continues to stay where it is, so they'll keep doing what they're doing...