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HSBC: There is no bubble in Sydney and Melbourne

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Michael Mata | 10 Jul 2017, 12:00 AM Agree 0
Strong demand for housing and other factors are causing house prices in both cities to soar, says one economist
  • Concerned Citizen Awake | 15 Jul 2017, 10:58 AM Agree 0
    The point is prices are too high!!! It's not about how much you can get for your house, shelter is a need not a want. Speculation, greed, foreign investment, government policy and self interest conflicting proper thought, immigration numbers... no matter how long you think you can kick the can down the road it will come to an end and the longer it takes to address these issues the uglier it gets. When an Australian citizen earning $100K gross can't afford to buy in Sydney and has to live pay cheque to pay cheque there's something wrong, the figures always posted for medium wage are higher than actual, average wages are more like $60K gross... when the services of a city can't be staffed a city will come to ruin and importing cheap labour from third word countries is immoral. Govt, Banks, Big Business and Globalists have screwed us and it will take a major change and total overhaul of government and policy to fix this... there will be a painful period either way but the sooner it starts the better in the long run... till then we just feel like getting out of the city and possibly the country before the house of cards comes crashing down... Truth.
  • The reality | 20 Jul 2017, 11:24 AM Agree 0
    this soap bubble will burst whith a bang when the Chinese soap run out
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