Current condition of The Australian Property Market: Australian Property market has seen significant growth over the past ten years. And there are number of measures who are responsible for the growth of the property market. The cyclical factor like low interest rate and low unemployment in the country are the key factor for this present condition of the market. The Australian residential property market is currently estimated at $3.5 trillion, almost 3 times the size of the Australian equity market and 3 times Australia’s annual gross domestic product(GDP).(Australian Bureau of Statistics report , 2012). The Australian real estate market is the grip of the biggest housing bubble in the nation’s history with the increase in demand of the houses