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Sydney and Melbourne's median residential property prices are only lower than world-leading Hong Kong and Vancouver, despite the recent sharp local market downturn, according to
Sydney and Melbourne's median residential property prices are only lower than world-leading Hong Kong and Vancouver, despite the recent sharp local market downturn, according to the latest Demographia global survey of housing affordability.
Strong pent-up demand from first-time buyers, investors and owner occupiers is expected to be boosted from Hong Kong, where political and social unrest is expected to increase interest in safer markets.
I need help to understand the demand and supply from economics.
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