In the standard model of Cosmology, spacetime is expanding. I tend to regard spacetime as some kind of physical entity, given that it can be affected by matter to become curved. Also in the analogy of the balloon, galaxies are carried apart because they are fixed on the surface of the balloon,which is a physical thing. So I think that in the real Universe galaxies are carried apart because they interact with spacetime, which must be physical (how else would the galaxies know to move apart?)
But my question is, the same way that if you inflate a balloon, if you inflate it beyond a certain limit, it will pop, then if spacetime is being stretched constantly, and even in an accelerated way, won't there be a point in which spacetime will "pop", because it has reached it's stretchability limit?