Hi Moondong,
Interesting thread and I think you have summed it up nicely with "dead as a door nail".
Also have a look at the other thread from a couple of weeks ago quoting the latest research:
https://hotcopper.com.au/threads/property-ponzi-model.4646270/?post_id=37517442
“People have to understand that there are simply too many investors already tied up in the housing market and they can’t go and buy more real estate unless the value of their home rises.”
“That’s how everyone was able to accumulate so many properties in such a short time. They bought a $500,000 investment property, 12 months later it’s worth $600,000, with that $100,000 equity you’re able to go and buy another $500,000 property. You can’t do that anymore, it’s in reverse.”
