Australian house prices at risk of developing a bubble

[marvenger]

Apparently the recent 1% rise due to low rates and giving 21 grand to first homebuyers could be signaling a property bubble is starting to develop. No mention of correlation of exponential debt accumulation with median house price to median income ratio rising to 9!, or the fact nurses and teachers officially already can't afford housing in 95% of the areas they serve the community. Funniest article yet.

http://business.smh.com.au/business/...0728-dzjy.html