So where will all that investment capital go if not into property?Property is a major driver of markets.Property expands,building expands,materials use expands and on and on.I agree re units/appartments-huge oversupply. Developers have canned nearly $1 billion in appartments development over the last year.However just how much this will bring down the humble house/land in the Sydney market is another question.20Kms within range of the CBD is still a very sought after market.With world recovery looking flat and therefore no great shift in interest rates I cant see it being a huge crash if any at all in such a market as house/land.
