they just dont get it. there argument is based on supply shortage and migration (this time it's different, heard that one before). that worked great during the boom but greater supply is coming online and will keep coming online as interest rates and cost of living squeeze people to the brink. i dont have my stats handy but brisbane real estate listings are up from 16k this time last year to about 34k atm. (i would have to double check that). this trend is going to continue, (early stages so far) so all these mystery cashed up migrants who have no credit history moving here will not be having the effect the property bulls and spiv real estate agents are counting on.
