In this thread: people on both the rent and sell side trying to justify their decision. You won't find any sensible answer to your question, just do what works with your current stage in life.
You need transactions to set the market prices.
People are not buying at the moment so the real market price is not being established.
Housing is illiquid.
You'll know prices are really falling when they get rid of the foreigner tax on houses
If this virus takes off and culls the elderly then there will be a glut of probate sales worldwide and prices will fall everywhere.
@ Pauljoecoe We were planning to migrate to a non-English speaking country. But my wife doesn't really like it, doesn't want to learn a new language, and frankly speaking I don't want to spend the rest of my life translating everything for her.Original Post Deleted
So we are looking for an English-speaking country to migrate to, but I am too old to get a visa in Australia, and to find a job in New Zealand and Canada. So I figured out I can work for another 5-6 years in this police state, and then hopefully I will have enough money to retire in one of those countries.