The Property Observer featured a recent report from UBS Wealth Management, stating that Sydney is at the risk of a “housing bubble.”
“Housing bubble risk zones” are cities in which property prices within that zone have increased by 50 per cent on average since 2011. There’s been a risk of the bubble popping since the 1970s because of the real estate boom in Australia, and it continues to overheat to this day.
What could be the possible scenarios for Sydney?