There is also the point housing has trippled in value in less than 10 year, where wages and material costs have not.
Housing is seriously over valued and there is a lot of profit margin that can be cut back on to keep turning over the new houses..
I am quite confident the 40% will be a drop in house price not a climb.. it would be foolish to think the housing bubble will get any bigger.. we are allready one of the most expensive places to buy globally..
the population of Australia fits into 1 city in the US, of which they have many.. yet there house's are much cheaper than ours, even before they started to soften off!
houses will never be affordable rba, page-27
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