[firecall]

I dont have information that can compare Apples to Apples as such, as in US vs AU values.

But I can say that prices are rising rapidly here in Australia.

The already expensive Sydney market rose on average ~$1200 a day over the last quarter!

Melbourne isn't far behind!

We too have low interest rates!

Whats not clear is how people are paying for the houses. Where is the money for deposits coming from, and how are they servicing such huge loans?

Dual incomes and parents assisting would account for a lot of it. But what happens if/when the parents need the money back and the DINKies decide to have children and either lose the dual income or get slugged with child care fees!

https://www.theguardian.com/business/grogonomics/2021/sep/16...