The only way property owners with large mortgages can survive is work more hours or another job but the rba is in the process of killing that off vie higher unemployment
Investors can keep raising rents but they arent keeping up with interest rates and the more they raise the more inflation and rate rises we will get
Savings are being eroded going from todays figures aswell
My gut feel is soon the labor govt will do something to kill the market, could be little things like changing laws for airnb or short term holiday rentals or more drastic like Negative gearing or cgt...thats what labor does
Ive cashed up here.=...happy to watch from the sidelines, where i live last time intere3st rates were at these levels houses were about 1/3 or current price and wages havent got up much
