I used to think as you do on housing that city prices will plummet and rural prices will increase as people work from home more. Problem is it's not playing out like that where I live in Sydney, it's seen the biggest growth in house prices since the 80s. I put this down to record low interest rates, which was part of the economic policy response to covid.

I am also starting to see companies now require their staff to come into the office as Sydney has been covid safe for a while, I thought companies will pivot to the new way of working, but that's not happening either, sighting collaboration being just as important as individual efficiency. So on the balance looks like we are going down the path of what the world looked like in 2019 which means city real estate continues to grow as demand increases.

Not sure how I feel about that, but I'm wondering if Sydney is the leading indicator for other cities around the world or it becomes the outlier and other cities learn and adapt and change. Perhaps other cities have been through more disruption so this makes change easier in the long run...

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