May be simple rule says supply and demand may keep our real...

May be simple rule says supply and demand may keep our real estate prices untouched.

But if you look at UK during GFC property prices plummeted by 30-40%. UK supply is always low as there is no land issues, but demand is always high due high immigration and very high east European workers inflow.

So not really high demand and low supply will keep prices high, but confidence, servicing debt, finances will give direction for property values.

I still strongly think correction is over due by at lest 20%.