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The latest data reveals just how insane the Australian housing market has become | Greg Jericho – The Guardian

Australia comes out of a recession with an extremely strong property market – so strong that a slackening must surely occur

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With ongoing record low interest rates and government desires to support the market come what may, Australians are taking out home loans in record numbers and as a result house prices look set to keep rising across the country.
If you had any doubt that Australias housing market is driven more by governments than actual market forces, you need look no further than the latest housing finance data that shows despite a year in which unemployment soared, and the economy staggered, the number of new…

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