[JB80 (Jarrod)]

Firstly congrats on the good news Alexander!

Well thanks to the last meltdown which to be fair Australia mostly avoided we have just brought a house in Spain as the market is very close to rock bottom here and very affordable.
'La Crisis' as they call it hit here really bad and was caused mainly when the local housing bubble burst which while it was a big bubble is dwarfed by the Australian property bubble. No way would I expect Australia to fall as hard as Spain has done but I definitely think it's on the cards sooner rather than later, if anything it's needed. Seems to me that a few factors and not just housing are starting to rear their heads, as always it will come down to how it is managed by those who need to manage it.
I'd love to be able to afford to buy in Australia but not in today's market.

As for the cheeky seller I would say the offer stands for a week and then I will withdraw it, give him a time frame to think of. Worst case you walk away.