House prices in Sydney and Melbourne were growing at their fastest rate in three years ahead of the coronavirus outbreak.
House prices in Sydney and Melbourne had their biggest quarterly increase in three years through the final three months of 2019.Over the full year, Sydney's house prices were up by 3.8 per cent. In Melbourne, the increase for 2019 4.3 per cent. "Results are consistent with other housing market indicators, including new lending commitments to households and sales transactions, which have been rising over several months," he said.
swrighteconomy It is very urgent that house prices (and rents) come down to affordable levels. The government should have reduced immigration long ago. Now the newcomers empty shelves in shopping centres
swrighteconomy People will be kicked out of homes from not paying mortgage or rent and won't be able to get a loan either. Jobs will be lost and crime will rise. Those that can afford to buy are rich investors who could be Drug Dealers, Money Launderers, CEO's, Bank Robbers, Scammers etc..
swrighteconomy stock market crash would crash the housing bubble too Many unfinished unit towers are being abandoned for few years They have construction cranes but no work
swrighteconomy House prices will collapse by at least 30% in next 18 months as mortgage defaults escalate uncontrollably and banks simply cannot sell reclaimed real estate.
swrighteconomy Rising unemployment possibly the only factor to derail
swrighteconomy Profiteers 😡💲DECEASED ESTATES eh⁉️