I was reading in the SMH this week that the average house price has hit $911 000. Another article from 2 weeks ago said that free staring homes sold that weekend averaged over $1 million for the first time ever. Can this be correct?
At $78 000 average annual income this is well over 10 times house price to income ratio. Is Sydney in a housing bubble? The USA crashed and almost brought down the banking system when they hit a ratio of 6.5 times. Very worrying numbers.
- Forums
- Property
- Australian Property Bubble
Australian Property Bubble, page-191
-
- There are more pages in this discussion • 55 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)