is there a property bubble in australia?, page-9

Problem is there is no way at 930,000 Sydney prices are at 5.7x average income - which the ABS has at circa $85,000

Are you saying the average median income in Sydney is $163,000?

I know the banks have come up with some BS multiple figures which include imputed rents for landlords etc. but that is what they are BS

More like 10x household income

How about rent yields at about 3.4% gross before 4.5% interest payments

And yes regardless of interest rates it is a MONSTER bubble

Anyone who denies it is either ignorant or lying...and many of the commentary in Australia is coming from vested interest groups so I pick b)