US doom merchant forecasts collapse in Australian property prices

[Nicholas Wallwork]

We have seen this headline time and time again over the last few years, the Australian economy struggling, the Australian property market has pushed too far ahead and is on the verge of collapse. Time and time again the economy, the real estate market and the prospects for Australia seem to go against the trend. [...]

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[bruynjustin]

It’s great to do that at a certain rate, but they are overdoing it. Price to income ratios in Chinese major cities is 30 times income, as comparison, they are 10 times in Melbourne and Sydney.