Bo777
Me thinks its time to go back to EC 101
You want to elaborate on that comment? I wasn’t always a pilot you know.
The Green Goblin
GDP isn’t the whole story. Have a look at the gross assets of the two countries. The difference is even more startling.
Gnadenburg
The only thing that has so far cushioned the Australian property market is the lack of inventory or supply, low interest rates and the first home owners grant. This though could flip on its head if unemployment were to get considerably worse and/or interest rates were to rise sharply. Historically low interest rates could also produce a dramatic rise in speculative building which could lead to an oversupply in the market. Don’t think for one minute it couldn’t happen.