The reason I disagree is :
-- underlying inflation is still high
---> check your local food price, in Melbourne, outside eating price in my frequent restaurant increase 21.4%
-- after one year rest, investors have much more resources to gamble
-- Every price dropping properties leads to less putting into the market and people seems be well prepared for the following on rate rise (say 2 to 3% increase) esp for the investors these 0.25% per month increase is nothing....
-- Supply still exceeds demand and rental becomes private
--- to be continued....