In a general sense there are more wanting to buy than houses being built. Vacancy rate is as low as 1%. You won't see major falls overall from now on in Sydney anyway unless the property is well overpriced. Most suburbs have had a re-adjustment already.A lot of these wealthy suburbs people just don't sell as they don't need to and then you get less on the market. Some regional coastal properties are going for $200,000 and returning $270-$280 per week in rent. Even better in Sydney for rent. Places like Perth will be hardest hit, especially if a lot of miners shut down or go into care and maintenance due to funding problems and job cuts. The government has already given extra to new and used first home buyers.
