We aren't China or SE Asia, and the unions have ratcheted up our...

We aren't China or SE Asia, and the unions have ratcheted up our wages and penalties so high, you can blame the cost of labour.

OH REALLY!?

I suggest you need to do your research on the banking system,you need to read up on fiat printing,Japanese property is more expensive per square metre than in Australia.

But you do yourself a disservice when property cost only 3 years income in the late 70's early 80's against the supposed 9 years being touted now,that was when unions were at their peak in strength.

Just because people want to live in the two major capitals of Australia then you pay a premium for walking to a major shopping centre,you pay a premium for walking to efficient public transport,you pay a premium walking to public and private schools and last but not least Hspitals.

Stop reading Keen he is only an inflated BS commentator and needs an income punter.

cheers