@MasterStrategist don't forget the wealth tax that is on the way..... Does not matter that they are not actively discussing it right now.
The transfer of wealth down generations will account for a % of housing sure but only a %. Like British castle owners the introduction of a wealth tax will see properties sold off and downgraded as the govt gobbles up the value over time.
We are already getting serious pushback on immigration levels in the western world. Riots in England, protests in Canada, USA huge outrage over largesse to migrants while Americans are in tents. Australia just now introducing student limits.
And of course Australia already has its tents and homeless - if you can't pay the rent you won't be buying a home anytime soon.
