it means that supply is being deliberately manipulated by governments, developers and councils - look at whats happened in Sydney as a prime example and what happens in regional areas all over the country
and when supply catches up, people who believe overpaying for assets is an investment strategy will be standing nude in ankle deep water
if you drive down south from perth there are housing estate sub divisions set up right next door to farms on every side in popular seaside locations
these are expensive for absolutely no reason whatsoever other than the belief that property always goes up , land release is deliberately slow and labour to build is scarce
if you truly believe the supply side of the equation is always going to be constrained in order to keep prices going up way beyond whats considered fair value then good luck, you may be right for the next twenty years. Im certainly not ruling it out
