I'm interested if anyone has any links or articles to other high demand / low supply markets like (ie. Hong Kong, London, New York, San Francisco, Vancouver) that could articulate the details of any correction phases that these property cycles go through.
-What was the average percentage decline?
-How long did the downward cycle last?
-Did it ever recover to the bubble prices (if so, how long did it take)?
-What were the key drivers?
Whilst the drivers may be different we should be able to draw some lessons and apply to the Australian property market
Anyone have any links to good articles or whitepapers........?
*deleted post from another thread as it deserves it's own thread
** the markets listed above were merely examples, and is purely my perception on high demand / low supply - if you have others please provide
-What was the average percentage decline?
-How long did the downward cycle last?
-Did it ever recover to the bubble prices (if so, how long did it take)?
-What were the key drivers?
Whilst the drivers may be different we should be able to draw some lessons and apply to the Australian property market
Anyone have any links to good articles or whitepapers........?
*deleted post from another thread as it deserves it's own thread
** the markets listed above were merely examples, and is purely my perception on high demand / low supply - if you have others please provide