Not surprised. Wages here not increasing, world economy is bad. just a matter of time guys.
It is gone up too much in a short period of time, loans are getting too high, eventually people will realise that they should stop overpaying for things and eventually the market would collapse. It a matter of when.
At this stage wages are not rising, mining boom over, Australian debts increasing, Aus government debts increasing. Any bad news will send this whole economy down.
And now the RBA only have 2% to play with. Not much room but once they run out of this ammunition you will see the time for the crash incoming.
Nothing much can be done here, government also needs to fix the hole in their budget. Another GFC type event is looming. This time the government don't have the surplus like Rudd had to save you guys.
Still think it is a good idea of taking on more debts to invest in property? think again.
