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  1. Piston Broke

    Australian market 50% overvalued according to The Economist

    I'm always concerned with the downside potential. The 70s were crazy times after the boom of the late 60s. High oil, resouces, terrorism threats, unemployment etc (just like now), but when it all filtered through market prices went up further than the latest boom we had. The main issue was...
  2. Piston Broke

    Australian market 50% overvalued according to The Economist

    I put my parts in blue. I only speak for the market I operate in which is Sydney, and I agree that low priced RE may not have far to go and the premium market has already been hit considerably in many locations, but other than inflation, I don't see what can make the market rise. Until all the...
  3. Piston Broke

    Australian market 50% overvalued according to The Economist

    It's not the "10M householders" who set the price. The reality is that if the same item costs more, than the currency is worth less. There is no "free market" system in RE in this country, but a manipulated market. The price is being set by the amount of $$ available to spend. And while few...
  4. Piston Broke

    Australian market 50% overvalued according to The Economist

    We did not reach the low level of other countries because of the billions burnt on stimulus. This increased and prolonged "free money" availability creates inflation as it devalues the currency. So just as prices are falling, in comes a flood of money (like FHBG) the devalues the currency and...
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