VonT, we thought of doing that too, especially as we want to trade up on our house. But we listed everything good about the house for the R/E blurb, and realised what a great house it is! So, we'll wait for the crash. Higher end housing will fall most, so we should still save a few hundred k., and we don't have the hassle of renting, moving twice etc.
But you are dead wrong on interest rates. The RBA has so little power over them because it doesn't lend much money. Overseas banks set the rates for the Aussie banks, our banks tell the RBA what they are about to do, and the RBA pre-empts them by a day or so to give the illusion that they are in control.
Now, if the RBA started printing lots of money and lending it out, maybe we could crash the dollar and have low interest rates. Just like the US, UK, Japan ....... :-)
