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According to the trillion dollar markets, you are more likely to see a rate cut than a rate hike, in the next year or so. In fact the market is betting a 0% chance of a rate hike during that time: http://www.asx.com.au/data/trt/ib_expectation_curve_graph.pdf currently, a 15-year...

Sydney is NOT considered to be in a bubble according to this independent report. Melbourne (and somehow Perth) will drag us down. Big time. http://m.smh.com.au/federal-politics/political-news/australian-housing-market-facing-bloodbath-collapse-economists-20150622-ghu8a6.html

give it time. the state government will sell off those housos and let developers take over.

It has a train station

Well their prices were cheap to begin with. And as supply is really limited, buyers are not spoilt for choice. Besides, you're assuming that suburb cannot gentrify.

Trading for speculation is different from trading for fundamentals. Those who switched interest may be regretting it.

Well we live in an interconnected world. It's going to rattle the global financial markets. Our banks source a lot of money for funding their loans, from overseas wholesale markets. That's because internal Australian deposits and savings are massively insufficient to fund Australian loans...

This will drag the entire universe down, not just Sydney. But Sydney is obviously more resilient than other cities is Australia.

Hmmm. http://www.news.domain.com.au/domain/real-estate-news/the-50-most-expensive-suburbs-to-rent-a-room-in-australia-20150617- Young people planning to save money by spending a few years living in a Sydney sharehouse are in for a shock. In the past five years the average price of renting...

This is awful. We are desperately in need of supply. http://www.smh.com.au/nsw/illegal-accommodation-city-of-sydney-cracks-down-on-black-market-syndicates-20150616-gho8ie

thank god we don't make taxpayer subsidized cars where i live.

LoL obviously your perception of reality is clouded by lthe dearth of quality caffeinated beverages in your global city's cultural heartland.

That's a shame. My employer offers 3.85% variable, full offset, no fees, IO loan at 90% LVR with no LMI. Owner Occupied or Investment.

Apparently, not even APRA can stop the Sydney boom. http://www.bloomberg.com/news/articles/2015-06-17/sydney-home-prices-unlikely-to-fall-on-mortgage-curbs-nab-says "Surging home prices in cities including Sydney are unlikely to be affected by the banking regulator’s efforts to curb mortgage...

NO. The highly paid miners who lost their jobs are being replaced by lower paid workers from Crown Casino and Coles. That's the gist of the article.

Sudden oversupply (unlikely) Sudden interest rate hike (unlikely) Sudden depopulation (unlikely)

It is an indication of a city's culture.

In the eyes of foreigners:

And try buying off the plan. Even when it's expensive there's a long queue and you need to pay a nonrefundable $5k reservation fee just to have a look!

That's the Reserve Bank not the media telling us we don't have enough supply in Sydney.