No one likes to admit that prices are set to drop by up to %05 in the coming years. The Royal Commission is exposing shocky lending practises, and the response will be to tighten lending standards leading to massive drops in prices.
If you can get into cash now you should do it, whatever you do - do not buy now.
The thing to do, is to look to buy when prices drop by at least %35 in the next 12- 18 months.
What will the government do to save the tragedy ? Who knows - for me it looks like I was right to start saving a while ago.
The Royal Commission will be published in October and by early next year the prices will be cascading down.
It is ok for people who have paid off at least half the value of their properties, but with tightening credit. it will be very hard to sell property to people who need bank finance.
I am investing in BTC and Holding cash in low interest bearing deposit- the time to buy will be around a years time.