A real estate flyer in my letter box today, we have Chinese buyers looking to spend up to 25
mil for the right property. That's is the trouble you are asking how can property prices keep going up. When Chinese buyer are spending what hope do people have. I like property and have been called a bull by the Bears on for years. But even I think it comes to a stage when property being to high hurts the economy and causes what where middle class to become disaffected and takes away the hopes and dreams of the younger generation. That wants nothing more than a nice house in a reasonable area. We take away this dream we end up with a class system.
i am sure Massey gets the same letter drop for his beach view block close to Perth.
