Hence, investing in a house is seen as a solid investment - most people will tell you to get a mortgage, and put your money into a house - to do anything otherwise is seen as silly, since the prices only go one way, and interest rates are incredibly low.
Occasionally, you'll get one or two people talking about "bubbles", but they're regarded as a bit kooky by most - and there doesn't seem to be any fundamental reason prices would shift.
I'm from Australia (Sydney - one of the major capital cities) - and house prices here have basically been rising continually for the past few decades.
House prices are predicted to rise 10% per annum in most capital cities (less in smaller cities):
http://www.smh.com.au/business/property/australian-capital-c... http://smh.domain.com.au/real-estate-news/boom-time-sydney-h...
Hence, investing in a house is seen as a solid investment - most people will tell you to get a mortgage, and put your money into a house - to do anything otherwise is seen as silly, since the prices only go one way, and interest rates are incredibly low.
Occasionally, you'll get one or two people talking about "bubbles", but they're regarded as a bit kooky by most - and there doesn't seem to be any fundamental reason prices would shift.
What are people's thoughts on this?