Abstract:
This article reviews a number of the major social forces that have shaped the last
three decades of Sydney residential property markets to ascertain whether the
future trends will be a continuation of the past.
The analysis reveals that some of these factors that influenced the results of the last
thirty years have either changed themselves or have exhausted their capacity for
generating the degree of change witnessed over the same period. Forecasters and
other users of such data are forewarned that quantitative projections, based on the
key determinants of the past, should be applied with caution. Instead, attention
should be focused on the changing nature of these key variables as well on other
possible determinants likely to drive further trends.
