Simple supply and demand will decide what happens next to Sydney house prices

By Jessica Irvine
Updated November 27 2015 - 10:08pm, first published 9:00pm
Over the past few decades, Australia's property market has gone through several phases. Photo: Rob Homer
Over the past few decades, Australia's property market has gone through several phases. Photo: Rob Homer
Illustration: Simon Bosch
Illustration: Simon Bosch

A bubble. A Ponzi scheme. An imminent market collapse. An entire industry exists to generate predictions to satisfy Australia's property obsession; from real estate agents, to market commentators, property spruikers, and yes, dear reader, journalists. You demand to know what will happen next to property prices. I supply.

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