If you think we have a bubble in the Australian property market you should have a look at what is happening in Norway. Residential property prices in Norway took a brief and shallow breather during the financial crisis before regaining strength and marching on. The average house price in Norway has doubled in the past decade with the IMF calling a 40% over valuation on the market. (VIEW LINK)
I have 13 years experience in equity markets and financial media. In 2013 I Co Founded, Livewire Markets with Tom McKay. Our vision is to be the #1 source of investment ideas in Australia. Opinions expressed are my own.