From the article...
"Analysts at Goldman Sachs, Westpac, Commonwealth Bank, ANZ and HSBC say strong population growth and a chronic housing shortage should continue to underpin prices"
why do these morons say this? when has a shortage or even demand of anything that is too expensive to buy, underpin its price?
I would say the demand for Ferraris far outstrips their supply - who doesnt want one?
Employment , wages and savings underpin price. If we have a huge upswing in unemployment it wont matter squat how many people want a new house (or a Ferrari), they wont get the finance to buy
joye offers us guru $100m housing bet, page-2
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