the world's most overvalued property, page-3

According to new data from mortgage broker AFG, last month saw investor demand for mortgages reach record highs, .

Investors accounted for 40% of all new home loans – which was a significant contribution to the unprecedented total of $4.2 billion worth of mortgages processed in May.

So Australia's property market has become the most speculative and highly leveraged in history. The looming correction should be commensurate.