Property in Bali getting burst

I have a friend from Australia, he told me that he satisfaction about his land price today. Property in Bali getting burst, he said. When you are invest on property in Bali , the profit return of investment will come 20% until 50% per year.

At 2012 he buy a land in Puri Gading bukit Jimbaran about Rp. 150.000.000 and today he sale it to other buyer with high price about Rp. 250.000.000, and the property are sold out. what do you think ?

Home prices across the nation are marking boom-time gains, rising 9.3 percent in February, according to the Standard & Poor’s/Case-Shiller 20-city home price index. The gain is the highest since May 2006, before the housing bubble burst.

Property in Bali getting burst