Melbourne: Will house price go down as petrol price in australia.?

As long as people keep coming into your city I wouldn't think so

Too many immigrants. They put upward pressure on housing prices, and downward pressure on wages and salaries, as well as overwhelm the infrastructure. If you want to move here, you should be made to move regional, where we actually need more people.

House prices are ridiculous and mortgage holders are at breaking point. Hopefully petrol prices will drop to relieve the pressure they're feeling.

The global oil price is on the point of collapse. This will have serious consequences on the global economy. Australia is not immune and has a weak vulnerable economy.