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4.5x would be a dream for Australians - Sydney and Melbourne are currently at 13x & 10.5x respectivly. Those two cities cover close to half the Australian popul
by dalyons 8y ago
4.5x would be a dream for Australians - Sydney and Melbourne are currently at 13x & 10.5x respectivly. Those two cities cover close to half the Australian population.
Insanity.
- conanbatt 8y agoDont worry, it will go back to that eventually. They both have plenty of land, im sure that its a momentary phenomena.
- dalyons 8y agoIt’s been about 25 years so far, with no real downwards correction. Definitely a major bubble, but ive given up trying to guess when it will burst. Everyone acts like it will go on forever, but that would mean >$50mil median homes in another 20 years which is surely impossible (but what do I know)
- conanbatt 8y agoThen don't buy at all, and work in selling houses :)