You are the sensitive one when it comes to civil discussion of the prospect of house price decreases. Pretty simply once the interest rate returns to a neutral level (2.5% cash rate) then banks will be charging 4.5% on variable loans. Punters leveraging up on negative geared properties, top prices for melb, syd and to some degree bris are sitting on >1m mortgages. Minimum payments of 61k per year (coming from post tax income) its one full income earner. The debt already exists, supply based inflation and full employment is here, interest rates WILL be rising.
