Future for Australia
Given that the Reserve Bank of Australia has an inflation target of 2-3% and given that in cities such as Sydney, the total stock of land is essentially fixed, I know what I believe a vastly increased population to 6.5-7.5 million will do to land prices and dwelling prices over the long term.
This is even more the case when I see the NIMBYism and planning restrictions facing proposed new developments in the desirable inner- and middle-ring suburbs, and when I hear people remain adamant that they flatly refuse to live more than 30 minutes away from the city or the beach.
But it's not important what I think. What is important is what you think. And, ultimately, it's what you choose to believe about the economics of planning land prices and house prices that should determine your decisions to rent, buy or invest.