Thats the biggest conundrum facing all property buyers whether buying an investment or your home. Do you sit there and hope prices will drop and buy cheaper, or buy now and they won't drop. The conundrum is even harder when you add lower interest rates lower stock on the market(speaking of melb only). How long will buyers sit on their hands hoping for a big drop and if it doesn't eventuate will prices go up. While I don't know and will leave the guessing to others who seem to have a crystal ball. It is a real interesting time for property but I always remember when ever interest rates have been low prices have never capitulated. If rates where still rising and looked like going into the teens I would probably be in agreement with pennyo drdan and Aurlieus, but the perfect storm of high interest rates combined with job losses and melt down doesn't look like being a complete mix, yeah job losses will come economists predict 6.5% recession but how bad with low interest rates. The last time 17 years ago when property capitulated we had the perfect storm 17% interest job losses and a recession is it the same now. Those buying will have factor in all sides of the arguments and listen to all watch the market and see what prices are doing, its easy to yell and scream you will be right here but HC will have no impact on prices through out Australia
