Yes, even Robert says this place is overheated and he is warning all who’ll listen to give our real estate market a wide berth. The reasons he gives are sound, and echo my sentiments expressed over the last few years.
Kiyosaki said that foreign investment was spiking domestic prices and forcing local buyers to pay well above the true market price.
“Foreign investors are queuing up to buy anything they can get their hands on. This is causing average Australian punters to think they need to start buying now. It has created a bubble,” Kiyosaki told Fairfax Media.
Again – do not go there. Its just ridiculous and whilst commentators here are saying its all good, there are still people near where I live suffering huge capital losses on sale.