Olly Newland is convinced interest rates will stay low for the foreseeable time and it makes sense for young property buyers to borrow as much as they can to get on the property ladder.
He spoke to Bernard Hickey a few days ago and said his advice to first home buyers is to "stretch as much as possible to get into a leafy suburb".
He says "borrow till it hurts" just to get on to the property ladder "because prices are rocketing ahead".
For rental property investors, Newland said because of public policy pressures and a lack of new building, rents have been rising fast in central areas of our major cities, and "rents have a long way to go before they're anywhere near the top".
He sees house price falls as "very unlikely" - more likely in his opinion are rising prices in the 2% - 3% pa range. In fact, he thinks house prices could well double over the next ten years "in good suburbs".
He also expects interest rates to stay at their historical lows - even fall further from here - for a "very long time" in the future.
He also noted that the reason very few new houses are being built is that regulatory costs and delays have strangled that market.
Demand will flow naturally to the second-hand market, driving prices higher in the absence of new supply.
He is pessimistic that new-building will start anytime soon.