I've considered purchasing scrip but the property market in...

I've considered purchasing scrip but the property market in Australia has yet to reach its nadir.

Further interest rate rises are highly likely despite wages growth lately having increased.

Prospective vendors are saying 'no, we don't want to list' given falling prices.

The Australian property sector has a lot of spruikers, including mainstream media but the reality is housing has been overpriced in Australia during the past few years, especially in urban areas and localities such as Byron Bay NSW.

While I've been to Europe and UK for a number of weeks in recent months, I lack knowledge about the UK's property market. The general economy there is however in poor shape.

The jury remains out on PEXA: it seems a well run company but will further listing declines see it in the short to perhaps medium term making net losses after tax?

Will it have to consider a round of redundancies?