"TONY imo there is huge demand for real estate in Austrlia. A massive backlog and these prices have been a long time coming. Austrlia is a great place to live and people are really starting to realize it. The government make the land available quick enough to meet demand."
Should read "The government CANT make land quick enough to meet demand"
The population in Australia is growing at an extremely rapid pace. The only way for real estate price is up - logically thinking.