Read this. Interested in the tension on SMH.com too - one day there's an article about amazing high price sales, next day there's an article about how GENY is priced out - mixed messages to the max.
The Economy Widening gap: Housing prices have outpaced wage growth over the past 12 months. Photo: Fiona Morris The $4 trillion Australian housing market is now overvalued by at least 10 per cent. Every day, valuations get more stretched. Indeed, Australia is just months away from having the most expensive residential property market in history.