In Sydney, we always have a deficiency of housing. So that's one good thing, which will cause real estate to keep going up. Not fast, but it'll go up.
Sentiment: POSITIVE
Land values are going up a lot in Sydney, but it's feasible to build because prices are going up, too.
South Sydney is a very complicated and wonderful place. You have some of the most expensive bits of real estate in the country and a large percentage of government housing.
A housing renaissance has begun. This may be hard to believe after the dizzying, six-year-long crash in home sales, construction and house prices. But housing turned the corner last year, and it will take off in 2013.
Rent and the cost of essentials like food and child care are rising so fast that wages are not keeping up.
If the economy grows, housing gets better, quicker.
Sydney is a very good market for us - we have a very strong following here.
A strong economy causes an increase in the demand for housing; the increased demand for housing drives real-estate prices and rentals through the roof. And then affordable housing becomes completely inaccessible.
That is - the reason for that is that home prices are only going to go up. Now, they've never gone down nationwide in our - since we've been keeping track of this.
Well, real estate is always good, as far as I'm concerned.
The housing market will get worse before it gets better.