Sydney Property Bubble

[greengiraffe]

As far as I m concern, Australia is too big. Sydney / Melbourne may be expensive but there is an alternative to live away from this major cities.

If it remains unaffordable, then there is always a choice to live in "cabin style" housing estates (I just learn over the weekend).

Otherwise, one can move interstates. If that is still unaffordable, then can go live in bushes but of course amenities and support is not as good as in capital cities.

Hence, it is a continent on its own. There are plenty of choices. That is from my understanding and probably what I meant.

Nobody can adequately define a bubble which academics are trying to do. It's barking up the wrong tree and trying to be "scientific" about it. But you know immodesty when you see one. Both does something to your adrenalin

IMHO like i said before property bubbles is relatively easier to see. If u buy a property not for rental income and above inflation long term capital appreciation, but for flip next year for double digit gains, it is a bubble. Question is whether u can resist the green eyed monster or follow the Joneses, or sit tight and wait. The biggest variable is WHEN which no one is smarter. Inevitable news will selectively write about those who made it but when they write about those that didnt it would be too late

PS till today i dont understand how your assertion of the size of Aussie continent is that different from US or China