A well balanced refelection on the bubble argument that continues to brew for the Sydney market. We all know markets work in cycles, so why mess with it? We are simply paying now for the lagging supply in prior years, albiet exacerbated by the rise in infrastructure charges. But rising prices will stimulate supply and development activity which will lead us to the next phase of the cycle. For those who own the property they want, the price rises is great news but for those who don't, it makes the dream all the harder to reach with any relief being a medium term proposition at best.