People always need somewhere to live. Economics 101- Supply and Demand- Supply is going down whilst Demand is going up in Sydney. Therefore there will NOT be any crash.
When prices in Sydney were greater or the same 5 years ago there was no one saying houses were over valued (Where was the report saying it's harder in Sydney than in New York 5 years ago??? No, it's only just come out). Accept for interest rates, it is easier for someone to buy a home in Sydney than it was 5 years ago. Once interest rates start to drop house prices will climb once more..
houses will never be affordable rba, page-33
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$64.41 |
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| Open | High | Low | Value | Volume |
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