its the real estate spivs who peddle this bs that cashed up migrants are coming to buy up our real estate which happens to be the most expensive and overpriced in the world. take note next years intake is made up of more than a few "unskilled". good luck to the migrants getting loans with no banking history here and most on work visas.
your supply and demand is all nice in theory but supply will be coming online by the tens of thousands as the pain gets to much for people overloaded on toxic debt they never should have taken in the first place. add on the investors and specs who own 2 million properties according to abs data who realise the returns aren't there anymore and you have the perfect storm heading this way.
people are either desperate, ignorant or just outright greedy to think prices will just keep heading north while the rest of the world goes south.
as for rates, they're only heading in one direction and isn't down.
