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Yep - that was history. This is the present time. These days, hardly anywhere accepts gold/silver as a medium of exchange.

Thanks :) My APF honeypot... LOL, if Alex makes money from the site, I sure don't see any of it! Maybe I should ask him to pay me commission per blog entry. :D

Gold and silver aren't real money. Money is a medium of exchange. Very few places will accept gold or silver as a medium of exchange. Try buying your groceries from Coles using gold. Regardless, the relevant 'plateau' here is the house price to income ratio, which in Australia has remained...

Yes - the UK, US, Ireland, Japan and Spain housing markets had massive stimulus, including cash rates falling to zero, or very close to zero. In that respect, they had more monetary stimulus than Australia. In the UK, there were even mortgages that tracked 'cash rate minus x%' - they dropped so...

Lots of forums allow users to create their own blog - it's not uncommon. Edit... just checked, and you can do it on Somersoft too - see here... http://www.somersoft.com/forums/blog.php?do=bloglist

To me, the fact that our price/income ratio has remained close to current levels for almost a decade suggests that current levels may be sustainable. In every other country that had a housing bubble, the ratio fell sharply immediately after the peak. Can you give me an example of any housing...

Hi all. This is a copy of my latest blog entry from the Australian Property Forum. I think it should interest most people here. I believe it demonstrates quite clearly that Australia does not have a property bubble. Cheers, Shadow.