Was out to dinner with friend who lives overseas and she has a large fully furnished bedsitter in Brussels which she rents for $400.00(us)per month. In the centre of the city, overlooking a park with good access to everything including under cover parking.
At the same time she is paying 3.5% interest on her home in the USA and her money in the bank only gets 0.6% income
Relate these figures with Australia and understand why most people are of the opinion that our property prices are un-sustainable
