The latest surge in real estate prices are localised to Sydney and Melbourne and not all of Australia.
We are just starting the largest real estate price boom in history and if you look at the history of real estate price cycles this one has about another 11 to 12 years to run.
Check out info on real estate price cycles on You Tube by Real Estate Cycle analyst Phil Anderson.
Greater fools push house prices to final peak, page-15
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