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  1. W

    Australian market 50% overvalued according to The Economist

    And if Indians keep getting bashed (on a purely non racial basis :rolleyes: ), the foreign student population will continue its rapid descent. Must be a lot of slum lords anxious about that.
  2. W

    Australian market 50% overvalued according to The Economist

    I am going through the risk adjusted reward calcs with a young FHB at the moment. There's pros for buying and cons. One pro is that rental demand will be high for yonks and that zoning relaxation pressure is building. One con is that our property prices are growingly at the mercy of...
  3. W

    Australian market 50% overvalued according to The Economist

    In an efficient free market economy where supply changes to match demand, we wouldn't have today's prices. Yes, the population is going up, but housing supply is NOT matching population growth, as per this chart. And the 2nd chart shows the recent housing supply rate has gone backwards...
  4. W

    Australian market 50% overvalued according to The Economist

    The Economist has been saying the same for several years. I think they are right from a long term perspective. Current prices will be hard to sustain at these levels for 20+ years without imposing serious adverse social change. But there's obvious unprecedented forces driving prices, like our...
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