From a macro point of view unemployment is showing its first...

From a macro point of view unemployment is showing its first signs of ticking up here...

That might be the straw that broke the camels back in relation to the property market coming back to long term trend.

I reckon those massive ROEs investors in the banks have gotten used to in recent years may be about to soften a whole lot. Lets hope bad debts are controllable if unemployment does continue to rise.