Dear, oh dear...
The market may now be beginning to price in further interest rate cuts; alternatively mortgage serviceability buffers may be relaxed, presently being at a minimum of 7 per cent.
The breakeven inflation rate, a bond market based measure of inflation expectations, momentarily touched a low of under 1.50 in June 2016, and we're now not far from that point again in January 2019.
Not to be alarmist, but markets are nervously beginning to eye up the very cold snap the housing slowdown was designed to protect from.
