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I’m a property investor in Brisbane but have made moves to get out of the property market. Sold a couple of places and paid off most debt. There are plenty of reasons to be confident that Australian housing is in a bubble, even if prices in many parts of the country have apparently been stagnant for seven years.
But if any readers are interested in analysis of some of the property promoters claims – such as a housing shortage, population growth and urbanisation as a driver of prices – I have written some detailed articles at my blog.
http://ckmurray.blogspot.com/2010/07/effect-of-dwelling-composition-in.html
http://ckmurray.blogspot.com/2010/01/population-growth-and-residential.html
http://ckmurray.blogspot.com/2010/02/housing-investment-is-not-productive.htmlI have been taking my own advice and getting out of property into fixed income investments. Can we really get away from the GFC completely unscathed? Is Australia really that lucky?
I also note the thread started with a comment that Australian debt is low compared to incomes. Not sure how that comparison was made.
All comments on the articles are appreciated.