redmond8 can we expect average house prices to fall to about...

redmond8 can we expect average house prices to fall to about $390-400K in the next 9-12 months?

the RBA could panic cut to 2% maybe even 1.5% by december and that may fuel an instand lending boom where the average person will need to take on 30% more debt at a lower interest rate. servicing it will be the same but what do you do when the rate rises and inflation come back. Do house prices go up even more?

everyone talks like propery will be worth 500k next year and 600K the next. At 4% interest rates our herd mentality will think it's normal soon to be over 500K in debt to a home 15-20km from the city. there will be no savings and a cashless society within a couple of years. who wants thier money in cash at less than 3%