Bubbles, Credit and Their Consequences, page-5

  1. 39,009 Posts.
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    Comparing " small resources towns " to the general Australian property market is a ridiculous and irrelevant idea . Those small towns didn't pop because of their house prices , as expensive as they were . They popped because of a mining downturn .

    So the Moranbah property market has the same drivers as Sydney or Melbourne ? Yeah , right .

    Also , all the ' bulls ' as far as I can tell agree that some markets are getting too hot . To suggest that people don't think that certain parts of the Australian property market are getting too pricey is completely false .

    I recommend you resist commenting on behalf of others seeing as you are once again attempting to twist other posters words to suit yourself .
 
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