[quickthrower2]

Australia might be a reverse bubble. It is really the salaries shrinking (in real terms) rather than hot house prices increases.

[viraptor]

My street going >60% up in price would disagree and I can't think of any other price that grew as fast in the last 2 years. Food and other things got slightly more expensive, but it doesn't seem comparable to the housing.

[quickthrower2]

I am guessing your street is a very hip desirable (top 1%) area.

Most suburbs would have gone up in 2021 and down in 2022 and not be that much higher.