Hawkers we have answered that one time and time again but they seem to ignore in but for the hell of it;
30% of property is own out right, regardless of if prices rise or fall not need to sell
40% have relatively small mortgages dito as above
Of the rest most, say at least 20% have mortgages that are less than the cost of renting. For these people it would make more sence to ride out any economic down turn than face the high cost of selling up and renting.
Comes down to 5% that maybe vulnerable and using the GFC as a bench make of how bad things could get we know that property dropped 10% before recovering a few years latter.
What has happen is the past is the best indicator of what may happen in the future, any thing other than that is speculation
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