"It’s outrageous."I wouldn't stress. China's PMI came out...

"It’s outrageous."

I wouldn't stress. China's PMI came out yesterday showing manufacturing is contracting in china. China's housing bubble has also burst, so commodities will be the next to go.

Rents rising 30 percent is not sustainable, especially when its the biggest expense for the household. I suspect there will be a LOT of consolidation as renters are forced to move in with friends, family and mum and dad. This will lead to huge increases in the rental vacancy rate, if your 30% figure is correct, and at a time when the commodities boom is coming of the boil.

What ever you do, don't buy now! It will be a huge correction, if your numbers are in fact correct.