Absolutely scary. Worth mentioning US PE ratio (apart from dot com boom) is at an all time high and Australian market PE ratio is at a 15 year high.

On 4 eye-opening charts from the RBA -

William that is very true that Melb & Sydney represent the vast bulk of total real estate. These 2 cities hold the key and if they turn down over a few months in a row, this could be a sign. Syndey has just had 1 negative month (although small)!

On Uber Drivers and property bubbles -