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Beats me. It will take some pressure off the rental market, though. I've heard rents are pretty high. The increased supply might soften prices, too - for a little while.

Anecdotally, I'm staggered at the number of new apartments going up in the Inner West. I've never seen anything like it. Every time I go up a street I haven't been up for a while there is a huge building site. I went up Alice Street in Newtown yesterday for the first time in ages and the site...

Because cycles are the reality. It's sort of what happens whether we like it or not. People with property are happy when it booms and sad when it busts. People without property are happy when it busts and sad when it booms. We're all so predictable. Scott

Yep. The cost of construction is stopping people building now because it's hard to turn a profit. As housing prices creep up in some areas, developers will get back into the market I guess. But steel etc isn't going to get any cheaper. Immigration might bring some cheap skilled labour?

So a building boom next decade timed to increase supply right before the baby boomers start dying off - 2020 onwards. Their homes will get dumped on the market to create a huge oversupply. So the D&G guys aren't wrong about a massive nationwide house price crash, they just might be 15 years too...