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Firstly let me emphasise that this involves probability and 'push and pull factors'. (ie like a casino increasing its odds slightly, it doesnt mean it WILL happen, it just changes the odds) If AU$ decreases, then the first 'wave' is potentially higher inflation, which is negative for...

i think exchanges rates will have a major determining factor. If AU$ goes down significantly this will support and possibly increase property prices once the inflation wash through passes.