I also wish for that kind of correction, but on a serious note only a global economic collapse might kick that off.
There is just too much cash in the system now from all the money printing which makes it hard to predict what can happen, if government removed foreigner levy don't be surprised to see PRC / hedge fund comes and buying the whole block. I seen it happened before and the joker even paid for the stamp duty (abit less though cause apparently can bargain one for bulk buyers)
Too many rich people in the world hard to fight.
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Originally Posted by Unregistered
My definition of crash is a drop of 30% - 40%, which will cause many people into negative equity. But the worst situation is that there will be no tenants for investment properties and people can't service their mortgage. Property is the worst investment you can think of right now. Our foreign labour tightening policy is just too much.
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