the majority of people, who do not read this forum, have figured it out correctly the interest rates are about the lowest on record, and with the giant stuff ups going on around the biggest economies worldwide.... interest rates will stay low for ages, years
I also think some cashed up boomer parents will buy that house for the kids (to get rid of them, above all else) and take offset accounts to reduce what impact the low rates have, in order to fast track paying down the loan
it has a double whammy affect, they are getting the best deal versus the lower deposit rates
then they will hand over the lower loans to the kids, so they can take over
or maybe the parents will just keep the houses in their names, but get the kids out on their own... parents are sick of cleaning and cooking for the big sooky babies and this is a stunning opportunity to buy the cheap houses they will not buy the kids a mansion, or pay top dollar in the inner city.... watch the bottom of the market fly.... and the bottom dwellers, sellers win again
