My, possibly incorrect prediction, is from what I follow...

My, possibly incorrect prediction, is from what I follow is.
There is a sudden rush of sales from property investors, particularly ones who have invested in the last two years.

Then, even if there is an interest rate pause tomorrow, I think many owners, as above will be forced to sell.
They will be unable to refinance at better rates as they will have little, if any equity.

Rents will go through the roof, all this nonsense from the Green Party has unsettled investors and the government are way behind the ball, to build, taxpayer funded housing.

Who is likely to be buying? Think about this. Perhaps some Chinese, who have sons and daughters at Uni.
Buyers may come out of the woodwork, when prices are in the basement.

The Greens are communists, they are clueless and will be to blame for an avalanche of homeless people.
I have no particular political leanings, left or right, but it does not look good for tenants for quite some time.