Country Writer - your conclusions I do not agree with. Good applicants are still getting funding even for IPs and even though there is a crisis at present I just do not agree with your conclusion. Time will tell who is right however the Australian housing market is a lot more resilient than is mentioned here with a large proportion either owning outright or with large equity.
Forgive me for saying this but your conclusions I feel are leaning to the alarmist side and again I believe whilst the banking sector is feeling the pain, it does not follow that the housing market will drop as a result. The cowboys who borrowed at the top will feel it but have great doubts the average citizen will even take note of a drop in value as long as they have a home.
