In Australia, house prices have risen, on AVERAGE, 10% per year over the last 30 odd years. We are at a point now where the average home is worth approximately ten times the average wage. Apparently for the rest of the world, including you guys, ... If you look at the property investment forums, we are over there snapping up your estate wherever we can. Never mind the Chinese, you better watch us Ausies. Might by myself one of those $1 houses in detroit. ...

Original article: Real Estate Boom, then bust, now what? - Contractor Talk ... by at real estate boom in australia -site:blogs.goldcoastproperty.com.au - Google Blog Search