How do you measure if a property market is overvalued?

[Nicholas Wallwork]

There is a headline today suggesting that the Sydney property market is overvalued by 40% which is obviously designed to grab the attention of readers. You can look in the property news each and every day and you will see similar headlines about other property markets, but how do you measure if property market is

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[lookinginvest]

This is the age-old question! In simple terms a property is only worth what somebody is willing to pay for it. You can throw all of the traditional valuation yardsticks at the price that if there are a number of buyers the price will be squeezed higher and if there are lack of buyers the price will fall. Simple?