Does Australia have the fundamentals to cope with our property prices?

Welcome to Safe as Houses, a series delving into a topic close to the heart of many Australians – property. This is not a series on where the market might be heading. Instead we aim to explore how we view property and float some alternative ideas. Phillip Dare from Deakin University argues there are myriad reasons why Australia’s property prices remain high and that our fundamentals can sustain them. Is it axiomatic, if there is property price bubble, that the bubble bursts? Really, the...