I remember taking out loans for $80,000 for a $120,000 property, nearly got wiped out interest rates went from 8% to 18%. Bought a house for $32,000 sold for $96,000 year after, Idiots abound, imagine loans for half a mil and interest rates hit 5% and that number is well below the long term average, Australian RBA will have to move rates back up if certain overseas events dictate the directional change.
