Im not sure about houses.. I don't think houses will be affected with the apartment over supply. Generally apartment especially those who bought 2 bed OTP in inner city for like 1.5 mill lol
Yeah agree that rate will stay low for some time, but Melbourne are more prone to over supply. Their vacancies rate is passed 3.5%, where Sydney still in 1.5%. But imo even in Sydney we'll see some correction in some area soon