Rents will fall as real estate prices collapse. Australia has been long overdue for a real-estate crash. Just look at the number of vacant apartments, units, condos, and houses in any Australian metropolitan area. When a similar situation developed in Texas in the mid 1980's real-estate lost 96% of its pre-crash values. Properties were selling for 4 cents on the dollar, for cash, as the banks had collapsed also and mortgages became unavailable. There is no crash like a real-estate crash!
