Prospects for the Home Property Market ?

Will this be an up, or flat or down year?
What is the effect of rising interest rates ?
Is there a good balance, between homes supply and demand?
Below I will make my views,as  clear as possible.
The critical factors I believe are employment  prospects, population factors and building commencements (starts).
While there is a lot of conjecture about interest rates, I perceive this a less critical factor. Why can this research be easy?
1   I understand net immigration has risen in recent years, steeply from 110,000 to 180,000. I argue, that these official figures may be way underestimated. Consider there are sustantial categories of migrants not even counted, like overstayers and New Zealanders. Consider if  just 10% of the two million tourists overstayed, this would add 200,000 to the figures.

2  I fully expect, a large number of Australians will return from overseas work. As 900,000 Australians work overseas. I reckon up to 100,000 will return, this year. The worse things overseas, the better the prospects for economy in  Australia will look by comparison.
3  Rents are rising rapidly, as vacancies are falling sharply.
4  My understanding of housing commencements are that, 120,000 are being built, when we need 180,000. Could this create a shortage ?
5  Last year there was plenty of likely rising unemployment, but many companies moved workers onto shorter hours. This year, employment prospects are improving, with both longer hours, more overtime and more jobs. This has  obvious implications for the property market. Secure employment allows more people to hold to/buy ?  their  home.
So on balance make up your own conclusions. It should be easy for those who are home renovating!!!
Try easy home renovating , you might even do quite well.!!!

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