You are spot on rookstar, the only people happy for the crash in the main would be investors wanting to pick up cheap properties, day to day people nothing has changed other than their house value has increased and for that privilege they now pay govt more in rates, if to sell there is no gain as they need to re buy at same price unless shifting to a cheaper area? We now have greedy pensioners who are a drain on our welfare lol because they live in the same place all their life expected to sell because their property has increased in value, nothing changed for them as it’s still just their family home. And as for the young generation I feel sad for and personally would rather rent and live life than be indebted to a bank for the rest of it.
