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But it isn't really a bubble on the major cities in China (Beijing, Shanghai, Guangzhou and Shenzhen, Hong Kong) as there are loads of people moving into those cities everyday. It is the 2nd, 3rd, 4th tier cities that are collapsing.

I think some of them have parents paying a significant deposit for them, and they can service the loan easily. Otherwise they borrow to their eyeballs and buy it because all their friends do it.

Oh then they can all live at Carlingford instead .... Also James Ruse is not the only selective high school in Sydney (even though a lot of Asian parents thinks that it is the ONLY school worth going :rolleyes: :D ). Epping also has benefit of limited stops country trains to city, plus close...

I think Epping is very overpriced due to the Chinese investor factor. Epping, along with Eastwood has some really crazy prices especially the one near the train station. Most if not all of the buyers are Asian. James Ruse is actually a non-factor due to the fact that it is a selective high...