It's the rental yield that support the housing price and as long as that yield stay firm or at least adjusted to inflation the housing market should be rite.
Unfortunately down under in TAS, the yield has gone static and in fact started revising down. Median price in TAS may started to go down this quarter. Hobart is a small town and small population. Students stop comin now since the new migration law. 1st time in 10 years UTAS foreign student start to fall. Housing around the Uni area has started to flood the market.
Will be interesting winter down here on top of the budget deficit blow with 3000 public servant on chopping block.
