Well my figure comes from the oecd which put out its report last year saying house prices were 50% overvalued, they have no bias. What you read in the west australian will come from the reiwa and other fools whos job it is to talk up the market. Can you justify to me why a house in perth now costs nearly 10x the average wage when it has historically always been between 3 and 4 and why rental yields are half what they have historically been. Oh thats right its cause wages are too low, they need to double and so do rents, wake up to yourselves.
I know we have had a bull market in commodities. Record low interest rates Record low unemployment developers that arent releasing land
The above cause a market to go way ahead of where it should, read about any boom in history
You wait until those 4 things above change, oh thats right they never will cause you cant take your rose coloured glasses off and see reality
