Its a bubble that's yet to bust , easy credit is fueling this one right now. I have a relative who sells apartments and foreign asian (chinese) buyers are buying sydney real estate unseen at inflated prices.Is that sustainable, reminds me of the japanese inflated real estate buying bubble in australia many years ago.
As shown on this chart Australian debt to assets are high and any hiccup with incomes/jobs or interest rates going up makes for a lot of sellers flooding the market. It will happen its just a matter of time. IMO now is not the time to leverage into real estate because the interest rates are low.
crash what crash, page-2
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