mondayitis, page-17

No doubt Australia faces a big risk from a scenario of falling commodity prices and falling AUD, which would increase the value of foreign debt while reducing our ability to pay. This is a very likely scenario at some point when foreign governments start unwinding stimulus. Its not hard to imagine that immigration may also decline in a severe recession as unemployment makes it less attractive and politically unpopular. That would be a disastrous combination for housing, but to their credit the RBA at least seems to see the risk and are starting to lean against the looming bubble and give themselves some room to loosen if necessary.

Nice to think that government would follow the same line but of course that would be politically unpopular. The best you can really hope for is that they do nothing and unwind their stimulus measures as originally planned.