It's not a bubble when Sydney rents are the second most expensive in the world because of a lack of supply.
It's not a bubble when interest rates are 8% and loan conditions are amongst the strictest in the world.
It's true that prices could stagnate or even drop somewhat if unemployment started to rise. But that's a very different situation to a true housing bubble like in the US or Ireland that was driven by cheap credit and easy loans.
It's not a bubble when interest rates are 8% and loan conditions are amongst the strictest in the world.
It's true that prices could stagnate or even drop somewhat if unemployment started to rise. But that's a very different situation to a true housing bubble like in the US or Ireland that was driven by cheap credit and easy loans.