G'day GJ. My 2c - Unless we have a major economic downturn in...

G'day GJ. My 2c - Unless we have a major economic downturn in the next couple of years, I actually think this is bullish for property. Not in the short term, but it should take enough heat out of the market (melb and syd) to help base out, maybe a healthy 10-15% correction. I admit i was in the collapso camp a couple of years ago, but in that time we've seen lending criteria tighten up, and with some further macroprudential, we could well avoid the the fate every Uber driver and his dog is now expecting. The biggest risk i see facing property is inflation/rates shock, but higher rate expectations are slowly getting built in to prices as well.