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Yes the horse has bolted in that regard

Late 80s early 90s you could buy a 3 BR Terrace not just the Eastern Suburbs , but say Balmain for low 300k , today it is worth 3 million

There have been quite a few economists ( that guy on 60 minutes 5-6 years back ) who have confidently said the Syd Property market will tumble , there is going to be huge correction/ crash , and mathematically it should crash , but unbelievably it just keeps going up and up

I have got no idea how people service these massive mortgages , child care and all other living costs , got no idea how they do it , but they do it

Itell you what if there was a big price correction , would Australia be poor , it would be horrific