Yeah Australia has a HUGE public debt nearly equal to the annual...

Yeah Australia has a HUGE public debt nearly equal to the annual GDP. What happens if the RBA continues interest rate rises? How many immigrants have bought up with housing and are on the edge? If we have a subsequent housing issue here who are they going to blame? Will it be Australia's turn for a sub-prime crisis all the while planned? Who knows? They were saying in the US as well that houses were the safest until everything fell apart. Average house to wage ratio historically for Australia has been 4:1. We are currently at a high of 8:1. As far as I know all booms stop eventually. Will it be a sideways correction or a 20-40 % drop? Also in a strong inflationary environment real-estate prices tend to go down. Look at the US printing cash like crazy, the US dollar is finished, not a question of 'if' but 'when' now. I would say about 5 years left max.