My outlook for Australian residential property in 2017 is that it is NOT going to be good year. We’ve had a monumental rise in the sector over the last 3 years. Sometimes this kind of run can go on for a fourth year, but the gradient is concerning. Like with any asset price run, the more vertical the chart …the more chance of a reversal. As an Uber driver said to me in his thick South African accent the other day, “this country is in for a big shock. Nobody sees being blindsided until it’s happened. It’s always the same with any boom. Once the kids get involved … that’s usually the last straw”.