The government could legislate tomorrow, cap of 80% lending... That would slow down price increase.
if 95% lending and person saves $50K (plus fees) and a good job, a property at $ 1 mill is possible..
If 90 % lending and a person saves $50 k (plus fees) and a good job, hmm only $500 k to borrow... demand for higher price properties evaporate overnight... as people cant boorow to buy
If 80 % lending and $50K deposit plus fees, a house of only $250K value can be bought... Easy fix... drop house prices overnight...
