But Australians who are exposed to the heated property market have been told in no uncertain terms that there will be a melt down in the near future by people who should know.
SMSF will likely carry big deficit valuations on their property portfolios and it will take years to recoup parity.
Chinese investors won't care. They will continue to buy until some domestic issue in China sours their appetite for Auzzie property or they pull out because property is too hot even for them. We could be feeling the tail end of the China real estate boom.
Will Glenn stick the interest rate up in the hope that the isolated property boom will fizzle? If he keeps talking about it he possibly will, and soon.
