Higher interest rates have already forced down prices 10-15% in some areas of Perth. This is helping first home buyers.
You property permabulls can't have it both ways. Either high interest rates are good for you, or low interest rates are good for you. Arguing both sides makes your argument look pretty hollow. It also smacks of denial.
The best thing for first home buyers is a property crash. The best way to induce a property crash is for interest rates to stay high, or for a recession to occur. Take your pick.
