One can say there are set number of key drivers that push the...

One can say there are set number of key drivers that push the price of property above fair value

the usual suspects being rising employment, sentiment, tax rules, rising wages, changing demographics, supply, immigration, fear etc etc

but to say all of those combined things keep increasing the gap between current and fair value is silly to say the least

In fact just unemployment on its own is enough to cause it to reverse sharply. Maybe the NBN here could decentralise employment? I'm certainly looking forward to the prospect of working anywhere I want to

The experience of Japan tells us that the "fair value gap" doesn't increase forever. Japan continues to be a prosperous country(far more than ours) with zero interest rates, and mostly sentiment and running out of bigger fools has brought their ponzi scheme to an end