The Reserve Bank thinks so...
While house prices have increased 175 per cent since the mid-1990s, rents have increased only 35 per cent on the Bureau of Statistics' measure,
They say rental yields are too low compared to other countries.
I agree!! But only because house prices are too high. They are clearly overvalued on a global scale.
Rents are normal to slightly below normal, houses are overvalued.
Australia is the emptiest country in the world, if you think paying megabucks for a tiny block of land is a great investment, think again!!