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Robert Kiyosaki, a bestselling author, fears property prices in Australia will crash because of the Reserve Bank pumping money into the financial system during the pandemic.
Michael Yardney, the chief executive and founder of Metropole Property Strategists, said the worse time to buy was when there were media reports about surging prices.
In another blow for Australian renters, rental prices are set to increase dramatically as the nation's borders reopen, according to experts.
Property prices on Sydney's Northern Beaches surged by 37 per cent in a year. This was almost double the national surge, itself the fastest increase since 1989.
Buying a home requires the biggest financial commitment most people will ever make