Is fear driving us to edge of property cliff?

By Clancy Yeates
Updated June 7 2015 - 10:13am, first published May 20 2015 - 3:45pm
Analysts are sounding a warning as people continue to bid up house prices. Photo: Tamara Voninski
Analysts are sounding a warning as people continue to bid up house prices. Photo: Tamara Voninski

There are four words that describe what is motivating some people to bid up house prices so frantically in Sydney and Melbourne: fear of missing out. The argument goes something like this: if this is where prices are today, how high might they be in a few years?

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