If you are looking for someone with a lot of real estate experience, try Petra Gajdosikova. Her view on australia is below.
Australia - Commodity exporters such as Australia and Canada are, along with much of the emerging world, proxy China plays. They will inevitably suffer when China slows down and its insatiable demand for commodities falls off. Investors have been very enthusiastic for all things emerging markets & commodity producers - including real estate and the respective currencies. Most of these markets now carry significant premiums over many developed world assets, and are vulnerable to corrections. For real estate investors the time to buy in such markets is at the low of the commodities cycle, not near a high. Both Australia and Canada have seen a massive housing boom fueled by a sea of debt. It wasn’t just US and UK home buyers and speculators who had gorged on debt - Australians and Canadians also levered up to the hilt. While other markets have since experienced sharp corrections, Australian and Canadian prices are at an all time high. 34 Australia sits near the top of the list of most overvalued housing markets worldwide. Sydney and other main cities have, after HK and Vancouver, the most severely unaffordable housing, according to the latest Demographia International Housing Affordability Survey. House prices in Australia have reached levels that are double to triple their historic ratio to household incomes. And Australian households have the world’s highest debt to disposable income ratio.
