My Bui

Well, this is definitely not the first time I've heard a call for a crash or for the property bubble in Australia to burst.

I think I've only been in Australia for six years and I think this is like the third and fourth time that these headlines made the news.

I don't think that there will be a property bubble burst.

So that's the short answer.

There's definitely a lot of nuance to it though.

Yes, over the last month, we've seen national prices kind of down if you look at it on a capital city basis on average.

But number one, different markets are very, very different.

Brisbane, Adelaide and Perth actually reached new record highs in terms of housing prices last month.

You do see some falls in Sydney and Melbourne, but

Not even in every segment of the market.

If you look at units on the lower end of the markets, they're actually still gaining in prices.

So I think that calls for a property bubble burst.

Even if there is one, it tends to be very nuanced.

Maybe Sydney prices are quite overpriced versus affordability, but there's still a lot of juice to go in the booming cities, mid-tier cities of Brisbane, Adelaide and Perth.

And I think ultimately, when we want to think about housing prices, ultimately, it comes down to supply and demand.

And we do have a shortage of supply in terms of dwelling units in the market at the moment on a national basis.

We at AMP estimate that Australia needs to build at least 200,000 more dwelling units for the market to be a bit more balanced, basically.

And every single year, we're only building around 170,000 dwelling units.

so yes there will be some slowdown markets on the national levels we do see a five percent dip in this next coming financial year by june next year but i don't think we'll have a major crash you make a great point because it depends on where you're living which suburb and even you mentioned there even in the biggest cities at the moment it depends on which suburb because it's so variable at the moment

Again, I think it really depends on your house.