I feel especially sorry for all those first-home buyers who were lured into the market near an historic peak by record low interest rates and govt incentives only to now be facing negative equity and the loss of all their savings (and lets not forget that they can't walk away from their debt like they did in the US)..
https://www.news.com.au/finance/real-estate/selling/banks-bleak-prediction-that-house-prices-will-fall-18-per-cent/news-story/a73ca3ac8d622becf7b9da61218b898e
