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Only gets better for property / Worse for those not in http://www.theage.com.au/business/rba-warns-home-prices-could-go-higher-20100310-pwlj.html

The fact that Sydney is flat is great for Melbourne. The reserve bank is cautious because the rest of OZ iz not booming - So it only puts more pressure on the Melbourne boom. Im sure they wish they could raise interest rates in Melbourne only!

DeanoC People are saying nothing of the sort. Offcourse it is unaffordable for many people. And offcourse there will be a correction at some point. The issue here is that the bubble can be explained (rationally) and if the correction does happen it could be years and years away or it...

The RBA make noises becauses rising house prices is a huge issue in terms of liveability for aussie citizens. We collectively ride every bump. The RBA also needs to be cautious. It doesnt mean there will be armageddon. They are just being prudent financial managers.

DeanoC Unfortunatley the Australian economy is what it is. We have had sustained high housing for some time now. Consider this. We have some of the highest house prices in the world and yet the GFC didnt touch us. We already have some of the highest house prices in the world yet they keep...

In fairness to the article - I think it doesnt actually predict these rises it just states that if the market continues to rise as in the previous 10 years then this is the result!

I reckon this article is relevant. Backs up the fact that OZ is the lucky country. There is every chance we WILL have the highest property prices in the western world (if we havent already). And it will be sustainable...

Good post Heres the thing. You are sitting under an umbrella on the cayman islands thinking about which country you should live in, invest in etc. Which country has a great legal system Which country is safe Which country has not felt the gfc Which country has more natural...