Are property prices in Sydney set to go up or down over time? Let's try and answer this question!
Let's try and tackle this question through a series of different fronts:
1) demographics - immigration into Sydney, ethnic mix, cultural values
2) demographics - birthrate in Sydney
3) demographics - age structure of Sydney
4) household incomes, household dispoable incomes
5) growth of industry in New South Wales East Coast
6) interest rates
7) saving rates, portion of income being saved by people over time
8) the growth of credit, and the foreseeable growth of household credit
9) impact of government policies
These are the big factors I can think of right now. Let's check out these factors one by one!
