I have thought for years property was overvalued compared to historical fundamentals ie yields and returns and price to wages
The govt has intervened every time we’ve had a crisis to the tune of 1 trillion debt … that trillion has basically gone to home owners via asset inflation
Also things like fhog and cgt discount etc
If we had free markets I suspect housing would be substantially cheaper, funny liberals generally want govt out of their lives unless it comes to making them richer then they are all for it regardless of the cost to society
Generally predicting is a fools game and people rarely get it right often from the weatherman to economists and in between
