Sounds about right except there's also a lot of IO loans rolling...

  1. 31,848 Posts.
    Sounds about right except there's also a lot of IO loans rolling over to PI which will put some people under more stress.
    Rising negative equity.
    Heaps of units still to flood onto the market.

    I'd say we're not at the bottom yet. Prices to continue to fall for the rest of the year at least.
    Unemployment is holding up but if that starts increasing then all bets are off we'll be heading to meltdown territory.
 
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