again i think that we are missing the point by looking only at...

again i think that we are missing the point by looking only at the broad picture and bothering with media speculation. the media and the real estate industry are the last people to rely on when trying to determine what is going on in property in australia at the moment.

demographics are only useful up to a point. australia's population has been below the replacement rate for some time now in terms of births/head and household size has declined since the late 50's.

divorce rates have however spiralled since the 50's, creating much demand for two homes/family where previously one would have sufficed.

more recently immigration (both short and long-term) has seen an influx of people who actually purchase/rent property.

these immigrants, together with first-home buyers and empty-nesters all seem to prefer properties located close to city centres.

this phenomenon has helped support property prices in inner suburbs whilst outer suburban fringes are languishing price wise.

population is not really surging at all, it is simply concentrating in urban locales and this trend does not seem likely to change anytime soon.