Thats exactly what will happen IMO as well, after the royal commission and lending standards tightened in 2018 prices in Sydney fell for sure, it was only when they cut them again ( I think it was from 1.5% to 0.75% and relaxed the lending again and prices stabilised then covid came and they cut to 0.1% and went crazy with the stimulus.
People are crazy if they think the reverse won't happen if they tighten.
If the RBA doesn't tighten then the price of everything will continue to go up as the dollar loses its purchasing power but that's not making you wealthier, fair enough if you own a bunch of property's it's been good to be in assets but your now betting that rates never rise and they can't go down any further, too much of a risk to be in a lot of debt now.
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Thats exactly what will happen IMO as well, after the royal...
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