As an Australian, I always muse at what people consider expensive. http://www.globalpropertyguide.com/most-expensive-cities http://www.globalpropertyguide.com/

As an Australian, I always muse at what people consider expensive. http://www.globalpropertyguide.com/most-expensive-cities http://www.globalpropertyguide.com/most-expensive-cities There is only one city from the US on that list (New York) of a hundred cities. Sydney Australia is 18th. And you want to talk about bubbles? http://www.economist.com/blogs/dailychart/2011/11/global-house-prices http://www.economist.com/blogs/dailychart/2011/11/global-hou... Australia tops the list (and Sweden, apparently). That list indicates the price of real-estate has tripled in 15 years. So yeah...