information on Australian Property Bubble
http://en.wikipedia.org/wiki/Australian_property_bubble
http://en.wikipedia.org/wiki/Australian_property_bubble
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Australia is just a cork in the ocean of global capital movements and economics
10 times? dizzy heights... with property in the doldrums and not going anywhere do you really see so much upside?
...... what action the govt might take in the case of house price growth tripling again over the next 10-15 years while wages rise 40%.
IMO, attempting to artificially hold back an entrenched real estate cycle with its booms and busts, is equivalent to going down to the local beach to try to hold back the tide with a stick.
OK Prop, boom or bust ahead?
... ponder what action the govt might take in the case of house price growth tripling again over the next 10-15 years while wages rise 40%.
They don't have to worry about this possibility - it won't happen.
Prices will fall just as they have in the US and for many of the same reasons.
Availability of credit globally, the internet and the general perception that owning real estate can lead anyone to riches has driven prices up, they must fall.
I believe we will get all the answers to the questions you guys ask in the next two years maybe much sooner than later.
Employment will fall off a cliff when property starts to drop, right now it is still supported by false perception and equity which will disappear overnight.
Undersupply argument will turn out to be a mute point imo.