"Now perhaps some of us should take a step back and consider that a handful of individuals will not change anything. "
On a simple supply/demand argument, one could say the price growth is mostly supply restriction
I think the new house building stats for Sydney were so much lower than Melbourne - what a joke
the fact that supply is being restricted to force up prices isnt a justification for the same asset being worth more
just like historically low interest rates, negative gearing, tax on savings, easier credit are no justification for the inflated price of a house
it simply resets prices higher at an inflated level, which simply widens the gap of where it will fall down from when an economic shock occurs and prices fall back to what a person is willing to pay for shelter above their head, not some future price growth expectation
