Yes - we are different to the rest of the world when it comes to property in many ways.
Yes - we are the same as the rest of the world when it comes to property in many ways.
Both are correct in my view, the skill is looking for the differences and similarities and forming a personal view without trying to make different sizes fit, well, different sizes.
Understand the drivers for the market and the unique aspects of that market.
Related to this, interesting article in financial review today about the ' myth ' of the alleged under supply of housing in Australia. Many people will tell us many things about this and they will differ greatly - understand the market ourselves and let the ' academics ' on both sides argue the toss whilst we make good decisions and put them into action.
