Gold price in AUD in 1980........$400/ounce... now up 6.6 times.
Average house price in Australia in 1980....$60,000....now up 16.6 times.
You conveniently forgot to mention this was Sydney & Melbourne where some are now forecasting a drop of 40% in prices due to the bubble being pricked by the covid19 crisis.
Looming mass unemployment, mortgage sales, int student numbers dropping, immigration slowing...anything could happen numbskol...same goes for Auckland and elsewhere.
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