The currency will be the fall guy.
Gov is intent on propping up the housing Ponzi, all the politicians own multiple properties and juice the shit out of the system so they won’t change anything which risks them and the Boomers wealth.
Expect to see more of this: 
Absolutely ridiculous prices!
Yep. It’s Randwick not The Rocks. Let’s see how much further this can can be kicked!
Oh and I just checked the rates, so is AU mortgage rates 6.8% with the term 30 years, so you telling me the buyer ends up paying 13 million in the end? Good grief
This was likely either a Developer who will put 4 townhouses on the block and sell them for $2M a pop or a Chinese buyer who paid cash.
Not even the top 1% can afford a $30k per month mortgage. 
30 year fixed rate mortgages are not a thing outside of the US
Not sure about fixed rates, but there are 30 year mortgages in EU countries
Those are definitely not fixed rate mortgages
Do you actually get both houses in the picture? 😂😂
