Is there a housing bubble developing in Australia on the east coast?

[trickmast]

We don't want to see great spikes he says? We've had them already!!!

[290948kenwong]

A moron is a person who can't read between the lines of a newspaper. The bubble burst in 1929. A thing called the great depression. The thing to remember is history will always repeat it's self. A home in Brisbane in 1971 in Woodridge was $8,350. Double that every 7 years and see what you get. But you would have to be either a stupid ''baby boomer'' or a moron to know that. which one are you. K.J. Edmonton.

[parsizaban]

home owners like it when house prices rise sharply but they hate to see it decrease sharply. When the bubble burst, it will decrease sharply and hurt investors.

[lisacapropertymanage]

if anything, west coast perth is the most at risk of a bubble burst

[kb777able]

LOL, i did not realize this guy had a crystal ball.

Everything he says is based on hope. Good luck my friend. The reality is nobody has a crystal ball including you and we live in the reality. there has been a great spike, now you have to have a great slump. that is the law of nature. time will show this to be the consequence of of our actions, and yes you contributed towards the flow of excessive credit creating a ponzi scheme in the basic needs of society. a total disgrace.

[Celtic450]

I want a POP. Why should I pay taxes to make rich people richer. Why should i even care about a society that lets in foreignors to speculate in our house sector? This fucked socialist immigrant controlled government will do anything to keep this bubble afloat. They are now wanting to scrap the banking act from 1959 to allow banks to issue secured bonds that will be paid out ahead of depositors money! Corrupt bastards

[Tomta20012]

So we don't want a boom or bust mentality? F**K so does that mean we want houses to stay at 350-500k forever, I feel sorry for the children of stupid 'Baby Boobers'!

[rowanshole]

POP!

[frankenspookey]

That was incredibly surprising. I was expecting him to trot out the "we have a supply shortage in Australia, prices can only go up" line.

[Skunny87]

Of course he is optimistic. If people who have borrowed from his company watch the equity in their home adjust to normal levels, that is drop by 60%, his company will fail. Of course he is optimistic, he doesn't want to lose money. We've got a bubble, everyone says we do. The IMF says so. Glenn Stevens says so. Anyone buying into a bubble is an idiot, Herd mentality at its worst folks, most Australians are idiots.

[erictjie]

we are all millionaires . ahahahahahah

[Progamble]

He didn't answer the question: "Is there a housing Bubble on the East Coast"?

[AussieAustrianBlog]

@Progamble He didn't, but the answer is yes.

[Mollarooza]

Yes I agree they should go up with the same rate as inflation