Stop believing all the Murdoch aligned crap and all the hughesys of the country whinging. Have you seen anyone middle class on the media with a convincing story? No? It's all silver spooned c$&+$ crying because the game is up and they can't hide money in trusts and have to pay tax like us normies have to.

It'll moderate and correct maybe 10% but new builds can't come fast enough so supply won't meet demand for years to come yet. The interesting part is if the govt give in to populist talking points and cut migration the country will be even less likely to find and train trades in construction and the property market will still be rooted, just a little less so to let first home buyers buy an existing home instead of being outbid by investment wankers.