Is melbourne really tight? http://www.sqmresearch.com.au/graph_vacancy.php?region=vic%3A%3AMelbourne&type=c&t=1
Just wondering can a part of rental pressure be attributed to large stock on market for sale?
You keep bringing avg mortgage debt when I am talking about those on fringe, Subprime was not more than 5-10% of total mortage debt in US and avg mortgage debt in US was not worse than in Au. In fact we are worse than US(in its peak) in terms of mortage-debt/gdp than US. My point is it does not require all property holders to sell at once for a significant fall, just a small % can do the trick due to negative feedback loop
