I currently see the following factors which could negatively affect house prices and create better opportunities for buyers: * Boom exhaustion as less and less buyers can afford the high prices and investors are unwilling to continue paying more and more * Increased interest rates leading to increased mortgage rates (which has already commenced). * Stock market fall or crash which may have already commenced.
Personally, I see these factors will help to normalise the Australian housing market in 2022 (i.e. more negotiation between sellers and buyers). However, there is potential for these factors to result in housing price falls depending on what happens (IMO).
