yes. also you can get an 80% LVR if you buy mortgage insurance. So for houses you should still get 80% if you shop around.
The worst cases are those who bought in 2017 with a 20% equity. With a 10% falling values they still have 10% equity. It is unlikely many people will hit negative equity
In the suburban market if the prices fall to the $650000 level in NSW which might happen in suburbs 40-50 km out then they become buyable for the first home buyer who can buy with no stamp duty
so the market might be slower but many newbies can get in.
I don't see a fall greater than 10% peak to trough except for some unfortunate people
Housing Crash 2019??, page-193
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