regarding real estate, according to my officemate who has been here for 10 years, dependent daw ang Australian economy sa China, since maraming Chinese property buyers, and they keep on driving the property values much higher, especially pag naka-auction yung bahay. Kapag daw bumaba ung prices ng bahay dito, mas lalo daw dadami ung investors na gustong bumili ng property. hehee not sure how true is that.
Pero I recall from some Pinoy friends na around 2007-2008, maraming nagbenta ng bahay nila sa Melbourne, as well as dito rin sa Sydney. That time, ung mga property daw sa Rouse Hill area, around 450K lang, and does not require any downpayment pa. check nyo ngayon how much na ang mga bahay don, at least 700K-800K pataas. Ang rule daw is every 7 years, property prices double. Maybe not true for all suburbs but a good example is The Ponds.
although general trend naman tlga na tumataas ang property, may time lang din na nagpplateau but still in the long run, tataas pa rin. Pag tumaas ung interest rate, the market will correct itself ulit. Yun nga lang pag nangyari yun, not sure if all can still afford to pay off their mortgage repayments dahil biglang taas ng babayaran nila. Nakakatakot din ang malaking commitment. hehehe