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I can tell by your tone that you are quite emotional. Constant ranting about the fact i vote green, keep using the emotive language like 'Mr Economist' etc etc. Why take evrything so personally? maybe you should get a hobby and dont fret so much about incidentals. Politics is not something to...

How long will it take you to pay of your mortgage? 30 years? Doesnt mean you are bankrupt! Or put another way. How long will it take? Quicker than my neighbours and thats all that counts.

You are a paid up member of the liberal party no doubt. great stuff.

We have the lowest debt in the western world you whingers! Economics is cyclical - we have deficitas then we have surpluses. Ask me im an economist!

With due respect - you are painting an overly bleak picture. Last time i looked australia avoided the gfc and we are now the 8th richest nation. We are the envy of the world in many respects and Rudd is seen as a great politician by many inclkuding Obama. I can write a list of things at...

Yep and you will need to concede that infact the levels now are only slightly higher then the 2007 prices. Foreign buyers arent the 'only' reason prices are booming. I expect after an intial small effect there will be an evening out and then back to stable increases. Either way im happy -...

btw - an explanation for low loan rates to locals is because local people have just dropped out of the market due to the rising prices. They cant compete and have decided to sit on the sidelines.

Its not true - these suburns have not increased by 30-50 percent in the last 12 months.

I would also say that we wont see immediate drops att all - there is a new level and this will be maintained. Unless we see the foreighners trying to ofload which I dont think will happen.

I think it will have an inpact over the next month or so until the o/s buyers get their paperwork in order. The limit of max 300k has been taken out and thats fairly significant. Most Chinese buyers are in the for the long haul i suspect. Wibbly - I think 30-50 percent is a massive overstatement!

Lets see what the governments NEW RULES (as of yeasterday) will do to chinese damand and hecne property prices. Im expecting a 10 percent drop...lets see.

Melbourne is a state - a state of mind! (anyone up to write a musical score?)

What i read from that article is that yes Aussie house prices are booming. Full stop. The imf go on to say that Australia is the best placed nation in the world to ride the upside of the post GFC merry go round. All aboard! High prices = Bubble: seems to be the latest pseudo economic jargon.

Delta - Most investment bankers i know dont invest outside of their jobs. They may own a mortgage. They think earning big bucks is the road to personal wealth. I know many in their 30's and 40's who have virtually no assets just big incomes and big lifestyles to boot. So dont take my word...

Delta - you seem to be questioning my credentials - the offer still holds 1,000 bucks on the table.

Agree - the gfc is over (according to the imf) so why would Melbourne stagnate when the rest of the world is looking at a new era of growth. Melbourne might just be the leader of the pack. I still dont get it though - why its booming compared to other states.