AUD is seen as a Gold proxy at the moment - the globe has hedged into it like there's no tomorrow as its the best cash rate of all industrialised nations - watch it unwind before your eyes should rates drop.
At the hit of the GFC, Aussie went from near parity to 0.60 with 100bps per month rate drops - and that was a time when there was plenty more to invest in 'safely' than just the aussie dollar.
That's what i believe held the property market up and IMO it will happen again.
AUD is seen as a Gold proxy at the moment - the globe has hedged...
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