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This statement would make sense for those who will purchase in the future if and when asset prices reduce. It doesn't mean that those of us who already own properties will suddenly get higher yields at all. The yields we get are based on the current (or future) rent received against the purchase...

Good point Truong

Anyone who owns a house spends money within the economy. Some OOs spend more than investors, sure, but investors still spend dollar$. Money is money and it keeps staff employed at Bunnings. We still keep plumbers, electricians, painters etc employed.