If the dollar stays above 90 cents for the next 6 months we will get more rate cuts meaning more investors but also possibly higher unemployment. One would have to say short term still looks good for property.
The RBA wanted a decade of no growth in house prices while wages caught up to de-risk the bubble and consolidate previous stellar growth. Then they cut rates half a dozen times in quick succession so now they're HOPING with hands tied the dollar drops so this doesn't spiral out of control. My money's with the property investors.
