Australia Wins | We have some of the most expensive real estate in the world!

An interesting article from the economist on Global House Prices

Source The Economist

On almost any matrix, we have the most  expensive real estate in the world.
Its quite incredible, good if it lasts, but no market goes on forever without a correction.
I think there is a mentality in Australia that real estate is safe and the stock market isn't.
You cant blame people for that, because up until now,  that's how its played out!

But can it last? when will our stock market bottom ?

Might be a great time to downsize and put the surplus cash into the stock market, Our houses might be dear, but our stocks are bloody cheap!
The all ords is 40%+ behind the Dow over the last 5 years, who would have thought you would see BHP approach $16, down from $48 a few years ago.

We have an aging population, so will become more like Japan, their house Price index is down 40%.
No ones talking about that, but its an issue for the western world.

That would put a lot of pressure on our banks as well.
Even if we don't have a crash, hard to see any real growth for a while.

Who knows, but certainly a good time to sell a house.

Source The Economist

We should be selling the house, buying stocks and living in the caravan enjoying life.