is it a bubble??, page-28

Hawkers I have watched Williamstown in that period and the figures do not support that contention. At the time a 2 bedroom unit, in a smallish complex. there was achievable at $280k - look at the price now.

This talk about inflation is quite irrelevant as you then need to adjust the value of everything else accordingly and that means that the value of the mortgage then decreases accordingly for example. Cherry picking like that is not consistent with reality in the investment world especially when you factor in the gains already achieved by leverage esp in an upward market.

Additionally any added increase with trend in our favour will blow the profit margin with leveraging out exponentially with every percentage point.