Professionals Real Estate 
There is no bubble
No Bubble: Reserve Bank Governor, Glen Stevens, does not think Australian house prices are unreasonably high and does not believe they will drop. A transcript of a recent interview with the Australian Financial Review shows two executives tried to get ‘Stevens’ to say that Australia was vulnerable to a U.S. style collapse – but they were unsuccessful.
Australian house prices makes sense in an international context based on the relationship between household incomes and their respective prices.
The impression of bad journalism and why doomsayers expect Australia to follow the pattern of the U.S. Why would one of the strongest markets follow the worst? The fact is, only a handful of countries had a property crash – the U.S.’ Ireland, Spain and to a lesser extent the U.K.
So, in short, the wiser consumer will feel comfort in investing in Australian property long term and leave the bad journalists to what they try to do best and that’s putting unsubstantiated fear in consumer confidence. Perhaps a position in the U.S., U.K. and Ireland would be better suited.
