don't waste time. buy buy!, page-3

Looking back historically for more than 100 yrs house prices in Australia are now extremely high.
Even more so compared to other First world economies.

What are the odds they will continue to rise as they have, into the future vs falling back to more reasonable ratios?

I lean towards the latter.

That doesn't mean I'm flogging my house and my investment property to live wrapped in a tarp under a freeway bridge, waiting for prices to crash 40%.

But I am extremely wary of putting any more of my wealth into property at this point in time.