I have always maintained a middle position that property will do well as long as employment is good. Where employment does badly like Melbourne prices will drop. Too many people in HC believe a national collapse is imminent and have only embarrassed themselves over the years.
Look at Australia’s employment and wage rate - it is about the best in the OECD – this is why our property prices are high. As long as the economy is doing good overall so will property prices. But one day (and it might be ten years away) it will tank and so will house prices with it, but it will all depend on employment.
