doctornoh, Maybe u should of started with Affordability. Billions of dollars flooding the economy with stimulas yet Credit Card debt is near all time highs.Investors also need the herd to follow for prices to be sustainable.Banks are asking for more deposit and the return of higher interest rates and well well some of the herd cant keep up. Stimulas has been keeping people in work. As Michael123 said this is prolonging the inevitable. Government grants and all the rest of the contributing factors to bring us to this point of the bubble are all a lack of real growth and real fundamentals. Throw me all the ratios and averages u want but Affordability is number 1.
Sentiment is my other favourite. Australians love property and love the wealth it has created for them. As seen with the stockmarket when fear sets in we all watch something loved oneday become unwanted the next.
Last time China gave us a scare jobs were lost and that im sorry wont help your ratios.
