To me it is a simple supply demand scenario. We have growth...

To me it is a simple supply demand scenario.
We have growth based on building new homes and people getting into more and more debt and eventually it will hit the fan.
This time there are a few more things that will impact house prices.
1. Chinese demand and when that stops and they all head for the exits they will all try to get out at the same time and this will cause panic.
2 Currency fluctuations will feed into decisions to sell and move cash out of Australia.
3. Very low interest rates have fooled many people and even a 1% rise will put mortgage auctions in the news.
4. We have the most personal debt in the world,no more needs to be said.
5. The fact we have had 25 years of growth we have a generation that know nothing else.
6. We were taught to save if we wanted to get into a good financial position to purchase a property and we did not worry to much about new cars ,boats,caravans and especially we did not borrow for things that go down in value.
7. Financial literacy has not been taught to kids because things just keep going up.
8. Slow down immigration and stop bringing in people to this country who have nothing to offer and will always be a liability to Australia.