Quite a few people were banging on about the IO cliff is coming, things will only get worse APRA killed the markets etc etc. Since Melb and Syd have just had mini booms with strong signs ahead, my question is has this so called cliff now disappeared? Less relevant? Was it over exaggerated by those yelling it out? It just seems very interesting.... not that long ago the doom and gloom on here was thicker than a blonde using white out on a computer.....and now all of a sudden since we've had booms again, sentiment on here has changed greatly. Also, no amount of quantitative data was able to predict this shift in any great way. Ok so back to IO ending period question, do the economists on here still believe there's a cliff out there waiting to destroy the property markets with mass delinquencies etc etc ?