Bubbles, Credit and Their Consequences, page-3

Anf0, these perspective are not new to longer term readers here. It's has been discussed fairly often. Despite the loose credit, the bulls don't believe there is a bubble here in Aust because we are different and everyone wants to come live here so we have to pay a higher price because it is in high demand.

Governments and unions are also driving cost of residential land production and construction labour up so we can't possible see the cost of producing a dwelling come down apparently.

Besides the bubble has apparently been inflating for more than 10 years and calls of a 'POP' have been wrong time and time again so few believe there is a bubble in any Australian market..that is except small resources towns as it has 'popped' in these locations.