Tip of the iceberg: Will rising grocery costs dent house prices?

"We operate in South Australia in an Australian market and the eastern seaboard is demanding produce because of the floods.

The logic goes something like this: As the cost of groceries and other goods increases, pressure is applied to household budgeting, drying up the amount of disposable income available to sink into housing — driving down demand."The Reserve Bank sets monetary policy based on inflation, so they're looking at those rising lettuce prices and thinking, 'We better slow this down a bit'.

"We know that first-home buyers like transacting in slower property markets — we definitely have a much slower property market this year compared to last year."There is already evidence of increased affordability. House prices have dipped in Sydney and Melbourne, and University of Adelaide property market analyst Peter Koulizos said Adelaide and Brisbane — where growth has continued — would follow suit."There is no doubt that we will follow Sydney and Melbourne.

"International migration [is] starting up again so we are going to go back to more normal levels of population growth," she said.

From avo toast to this we can finally just say it: don't buy fresh food if you want to own a home. Welcome to our dystopian present

Here's a thought. Put a veggie patch in your back yard and eat seasonal veggies.

If 50% of Australians drives EVs today, fuel demand would be less Dirty fuel led inflation accross the board plus emit CO2 Bad past Govt bowed to their donors had destroy the people's livelihood People needs to organise call pooling,shop online, walk or use public transport

Everybody has the opportunity to grow a few greens - no matter here you live... Best get heritage seeds..

And who brought that on.. Governments, Bureaucrats, ones who call themselves medical professionals/ scientists, vested interests/corporations and the media !

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Boris Johnson promises action on cost of living crisis but says higher wages risk further inflation – UK politics liveLatest updates: in a wide-ranging speech on housing, the cost of living and Ukraine, the PM warns of danger of ‘wage-price spiral’ Except his and his colleagues salaries of course. The Leave campaigners promised us HIGHER wages and so did Johnson, Mogg and Gove (once we got rid of all those pesky low paid foreigners) Well boys, the foreigners have left and ... where's all these high paid jobs + pay rises you promised?
Source: GuardianAus - 🏆 1. / 98 Read more »

CBA tips 18% peak-to-trough fall in Sydney, Melbourne home pricesCommonwealth Bank economists expect larger falls in house prices due to this week’s interest rate rise, forecasting peak-to-trough declines in dwelling prices of 18 per cent in Melbourne and Sydney over this year and next Doesn't help when Dictator Dan is still banning over 100,000 people from working which is crippling all industries who need staff which is destroying our economy and peoples lives
Source: theage - 🏆 8. / 77 Read more »