well, you must be reading something into my post I don't see - because it seems to me we are saying the same thing.
I go with the demand side that is distorting the equation though - yes there is not enough supply - - but, that is because of the population growth - the demand side.
there was a graph on here in the last weeks that showed Australia as having the highest growth population percentage in the world atm----------- population growth percentage is THE factor that drives real estate prices.
if anyone goes to Te Papa museum - they had a really great wall sized graph that displayed NZ house prices overlaid with their population numbers --------
the graphs mirrored each other.
It is not a state secret. My point is, if that continues - and the hordes keep coming to Sydney and Melbourne -- then it will be a nightmare living there - it's pretty simple - imagine doubling the traffic they have there already??
Also - the Sydney dog boxes that are near $1 million bucks - god knows how much they will sell for then ------------ buy you own personal slum for a few million??
People have rocks in their heads.
And, yes, one might make money - after all if you pay $100 for one single tulip bulb, but sell it for $150 - then, you have made money - but, at what risk?
