Here's my recommendation, sit on your hands and invest something else for now....because prices are going to drop hard this year along with interest rates.

Free advice, and you will save 10s of thousands easily.

No....they are on their way down. And no...when they go down it means economy is slowing down which is why the Central Bank will pre-empt by bringing rates down to encourage spending, which also means people are in defensive mode (won't be looking into property).

The textbook isn't always applicable in the real world. Just look at classic cases in the recent past, 2009, prices were damn low just before the big bull run what were the rates then? 3.2 - 3.5%.