Calling top of the Property Market for two reasons:1. The Term...

Calling top of the Property Market for two reasons:


1. The Term Funding Facility closed to new drawdowns on 30 June 2021.

Effect: No more cheap funding to banks at 0.1 per cent, therefore funding costs will increase, therefore interest rates will increase.


2. Federal and State Government finally agreed on path out of pandemic on 30 July 2021.

Effect: No more lockdowns, no more buying houses in other states as contingency plans, no more working from home.


It's going to be a hard landing.