Australian Real Estate Bubble?
Is Australia approaching the bursting point of a housing bubble? Some argue that it isn't, however how can anyone really know for sure given that nearly all of the indicators of every bubble are different? Below is graph comparing Australian house prices, household income, rents, and construction costs between 1986 and into 2014 using an index set in the second quarter of 1986. Unfortunately I don't have a crystal ball in front of me, so I'll let you be the judge on whether A