but dont underestimate peoples refusal to sell at a loss, or even just resign to renting it out
i know many people have said higher unemployment isnt necessary for the market to crash, but i think it is simply because we have negative gearing, no massive oversupply , reasonable quality loans and immigration and governments keep a tight lid on supply - no matter what they say
although the quality of those loans will come in to question if there is a sharp rise in unemployment, gone are the days where people had a good buffer to deal with it(unemployment).
