In NZ / Aus prices have skyrocketed something crazy... People talk about supply shortages, but a) there seems to be a lot of building going on b) people will p

In NZ / Aus prices have skyrocketed something crazy... People talk about supply shortages, but a) there seems to be a lot of building going on b) people will pass away c) housing density seems to be increasing d) people's wages haven't risen as quickly as house prices e) interest rates are heading upwards. There will of course be new people coming of age and entering the market as well as immigration, but even so the price rises don't seem sustainable at all, and I imagine a lot of people will struggle to pay much higher interest rates with such high loan amounts... This is all just an observers viewpoint - it'd be interesting to see people actually crunch some numbers on items such as I've listed above. I also believe there'll be large differences depending on location - even within the same country. There are also changes in laws around housing- e.g. in NZ they're introducing laws to help increase density and reduce the perks for housing "investors". There's definitely a lot going on.