That sounds like a reasonable assessment, Nos. At the moment I'm not seeing a property crash, at least not while the employment rate holds. A significant cooling of the overheated markets in Sydney and Melbourne is a long way from a crash. Nor do I see a significant rise in the cash rate, given banks are making their own incremental adjustments. The caveat being that what we see today doesn't mean we won't see it tomorrow, given the complexities are many. Nevertheless, I would caution prudence to anyone thinking of buying in this environment. In these uncertain times to be overleveraged is a dangerous strategy.
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