Apartment prices have become more expensive again in Sydney in 2016.
This is not only true for domestic buyers, but for Chinese investors too.
In yuan terms, apartment prices have increased by only around 4pc per annum through this cycle.
There is certainly no shortage of appetite for getting mainland Chinese funds into Aussie housing.
The real question is how hard China cracks down on capital flight.
Pete Wargent blogspot
'Must-read, must-follow, one of the finest analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.
'One of Australia's brightest financial minds, a must-follow for in-depth analysis' - David Scutt, Business Insider.
'I've been investing 40 years yet still learned new concepts; one of Australia's finest young commentators' - Michael Yardney, Amazon #1 bestseller.
'The most knowledgeable person on Aussie real estate - loads of good data & charts, the most comprehensive analyst I follow in Australia' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.
'Superlative work' - Grant Williams, founder RealVision.