View Single Post
Old 11-06-2017, 02:22 PM   #168
Syndrome
Ford screwed the Falcon
 
Syndrome's Avatar
 
Join Date: Sep 2013
Posts: 6,920
Default Re: Australia housing bubble

Quote:
Originally Posted by zipping View Post
Why do people think we are seeing such high prices for houses particularly in Melb/Syd and other capital cities? Interest rates being low by our standards is one major factor.

Texas is actually doing well economically atm yet its median house price is quite low.

https://www.zillow.com/ca/home-values/

California on the other hand has always had the highest prices in the US

https://www.zillow.com/ca/home-values/

Here is an article on California housing that I believe is a great explanation for what we are seeing in Australia atm.

http://www.lao.ca.gov/reports/2015/f...sing-costs.pdf

Thought it may be a good discussion thread considering the impacts if it were to burst and the Feds seem to be making noises about addressing the issue in the next budget.
dave289 started such a thread on this forum many years ago and as a result he is no longer on AFF. Tread carefully.........
__________________
Falcon: 1960 - 2016

My cars

Current ride
2016 FG X XR6 - 6 speed manual

Previous rides
2009 FG XR6 - 6 speed auto
2006 BF MkII XT ESP - 6 speed auto
2003 BA XT V8 - 5 speed manual
1999 AU Forte - 5 speed manual
1997 EL Fairmont - 4 speed auto
1990 EAII Fairmont Ghia - 4 speed auto
Syndrome is online now   Reply With Quote
This user likes this post: