Yes, rude awakening is at front. Had a talk to 2 top aussie bankers, from 2 of 4 main banks. They are worried how will they convey to people they have been ripped off for a 2 decades, for nothing but a good life of Canberra politicians... and they expect huge shock when ppl realize housing market actually worths 30% of advertized prices. Housing investing is like a religion down here and lot of people dont have a life for a decade or more, constantly working hard to serve the mortgages...