Just to add I also would argue it is the good old 'supply to demand ratio' that will see Sydney possibly weaken in the next 3 years. During DD on a number of suburb areas throughout the greater Sydney area in recent months, I quickly became shocked at the town planning for so many suburbs for the coming 5-10 years, and dually shocked by approvals for high rises too. Sure, we have a 'housing crisis' as the mainstream media continue to report it, in Sydney, but the volumes that are coming on, seem to be far outstripping not only current latent demand, but also the annualised population projection grow the expected for Sydney, YOY for the next few years. No council wants to say no to any shoebox-tower being proposed/shoved in their faces right now. Deducting manufacturing and mining, construction is kinda all we got, right now, so councils are saying yes to absolutely every monstrosity being proposed their way, lately!
All this could add up to a massive oversupply issue in 24-36 months time, when mass I completions occur.
All this could add up to a massive oversupply issue in 24-36 months time, when mass I completions occur.