Property is definitely going down. The question is by how much? 30, 40 or 50%.
This is the longest running bubble in history since Japan. Look what happened there.
Rents have been flat in Australia for the last ten years until this year. What that tells me is that demand is not what the media likes to portray. We have had negative migration in the last two years. Why didn’t rent rise two years ago? Cbd apartments are sitting empty in Sydney.
