Let have a look at some ('fast and lose') facts then shall we?
Timeline: Coalition came to power in 2013. Abbott hose down calls for a royal commission in mid-2014 House prices in the major East cities start an almighty surge (fed by fast and loose credit) in the years that following. Migration continues to flood the country (they 'stopped' the boats, but welcomed the planes - loads and loads of them) Price surge gives rise to supply surge. Again Labor and others call for a Royal Com in early 2016. APRA finally restricts for Interest only loan in early 2017 Transactions start to decline and prices start to slow over 2017 Coalition capitulates to a royal commission later in 2017. The listings starts to rise and transactions continue to slow, downturn started in Sydney accelerates over 2018 and price decline spreads to Melb. The outcome of the RC is released 2019.
All the while the coalition in power, they still are, and the general price declines in Syd & Melb has not stopped.
