It's not good for home owners at all. As property prices go up my property taxes also go up, but my salary does not. It's not like I can sell up and make a pile of cash, I'd have nowhere to live or have to buy again in the same market. And worse, if you buy into this hot market and then inflation crushes it with rising interest rates then I risk being underwater and looking at refinancing with numbers that I can barely afford.

The market is fantastic for investors though. A property portfolio delivering 30% growth in a couple of years whilst also grabbing sky high rents or AirBnB sure looks tempting. It's a good time to start a disruptive turnkey property management business.