To those that think property prices don't fall. You only need to look back in time. If you think low interest rates will save you think again.
Not much point having interest rates at zero if you haven'tgot a job. The economy is floundering we are heading for a long recession (is that why interst rates are not seen raising, bigger chance that they will fall) People have invested heavily in real state debt hoping that equity will keep going up. When you are paying over a million dollars for a dump in Sydney suburbs like Waverly ,Bronte, Bondi, you start to get similarities between the exuberance in the stock market leading to the correction in 2000.
