No sign of a housing price crash or recession in Australia, yet. There has only ever been two very slight downturns in my 60 years here. There is no price "bubble". That's the media doing the bankers bidding by creating an issue that does not exist. Prices will keep going up over the long term. The chart above is very revealing about the US economy, rather than showing any problem with other countries. Property is the same as any commodity and is subject to supply & demand, even if the supply & demand are manipulated by bankers in indirect ways.

In a nutshell, China's buying our resources again so we can all breathe.

China sneezes and Australia will catch a cold.

Hi @tenjin, I have worked mainly in the television industry as a freelancer, AD, floor manager, assistant producer etc, in Melbourne. So my advice on work would come from that angle.

@Haberdasher, do you feel the film industry is better in Sydney or Melbourne? (or Brisbane?!)

“On a 25-year mortgage, you’ll pay $24,000 in interest on the stamp duty so basically in total it costs $56,000 per house on average in Victoria over the life of a mortgage.”

WOW! That is insane that level of tax on every single house sale.

Labour has been pretty racist in the past (my GF has literally been crying over the news of Labour/NZF/Greens getting elected, as she is a foreigner. Which reminds me, we should hurry up with getting the immigration paperwork done before they tighten up the rules....):

“39.5% of last names in a list of house sales sound Chinese”

https://www.kiwiblog.co.nz/2015/07/labour_blames_the_chinese.html

(the reality is only a very small % of house purchases are by non-citizens/residents)

After 9yrs out of power, is a bit sad to see them return to government. I just watched the live stream of the moment when Jacinda got sworn in as PM a few minutes ago.