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House prices in Australia are insane. We have not had a recession for almost 30 years and most people here under 40 have no idea what a recession means. When th
by danieltillett 9y ago
House prices in Australia are insane. We have not had a recession for almost 30 years and most people here under 40 have no idea what a recession means. When this party ends the hangover is going to be horrendous.
- alfiedotwtf 9y agoI still remember driving home one day from work during the GFC, and was completely shocked that (from memory) every second to third house was for sale. With a lot of hot money going around Melbourne these days, low interest rates, and a daily influx of Chinese investors, it's a bubble that's inevitable going to implode. ...on Chinese investors - I used to be on Williams street by 6am every day, and without fail there two busloads of Chinese investors ready to look at the new apartments being built there. The game now is, which side dries up first - supply of houses/appartments, or the demand of Chinese investors.