For the moment let's forget the case for Bears and Bulls in the Australian property landscape and consider the dynamics of population growth and international movements. Towit: This is what I'm seeing as we speak. Regardless of the worlds economic turmoil Australia's population is increasing at an exponential rate (birth + immigration). From the post war years of the early 50s our population has tripled to a point well beyond the accepted theory of Malthusian population increase - circa double every 30 years. This explosion in growth is set to continue based on the exponential birth rate and our governments addiction to immigration; all of which will require housing.
That said, additional dynamics are currently coming into play with respect to immigration as a consequence of geopolitical and environmental effects. For example, money moves with the people of wealth in search of a safe haven. One only has to look at the troubles in Hong Kong, the environmental horrors of China and India, Brexit in the UK and Chinese students being directed away from America.
Going by a recent Bloomberg report Australia and Canada are now the 'go to' destinations for the monied people from the above locations in search of a safe haven. And keep in mind that they only have to bring a paltry, circa $2 million to secure permanent residency. That's chump change compared to what most will bring to the Australian table.
Just something to think about in the argument of Bears and Bulls, and the dynamic flux of an evolving world. Dynamics which can often render predictions invalid.
