Unfortunately, I sense property prices may be on their (silent and sneaky) march upwards despite media reporting to the contrary.

The real issue I have with inflated house prices is that it’s makes everyone’s lives difficult and apart from the issues faced with aspiring first home buyers (essentially, a breaking of the social contract). It also presents issues elsewhere including

• For existing homeowners who may want to move to another property more suited to their current living arrangement, this includes (but limited to) when up sizing for a growing family, downsizing for when the kids have left home and when a marriage dissolution occurs. These costs include (again not limited to). Bridging finance, agents fees based off a percentage of the value of the property

• Takes money away from the productive economy. People will more likely end up prioritizing their spending by needs.

Unfortunately, I can’t see this changing anytime soon. There’s still too much money flowing around that is looking for a home (pun not intended) to go to not helped by increasing cost of compliance red tape surrounding Health and Safety, Anti Money Laundering and increasing provision to guard gainst all manner of increasing exposure to liablity events (everyone is mobilizing to arse cover).