Jimparedes Similar happened in the U.S. What we are seeing are the results of neoliberal economics.
When I can get a three bedroom, on a quarter acre block, in Glebe for 125k, then it matters to me. Until then, I can only dream of owning a substandard shoe box (AKA studio apartment) if I win the lottery.
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House price falls in Sydney and Melbourne are accelerating, new figures showHouse price falls in Melbourne are accelerating, new figures show Another 20% down to go before they return to levels affordable by normal humans and what? i'm a writer, i'll win the nobel prize before i can afford to own a house Let me know when it's 700bn.
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Weakest property market since 2008: Sydney, Melbourne house prices tumbleAustralian house prices have recorded their largest drop since the height of the GFC, with Sydney and Melbourne leading the way down. This is what happened when you make it difficult for the wealthy Chinese to buy. Excellent! Liberal Parties Fault?
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Weakest property market since 2008: Sydney, Melbourne house prices tumbleAustralian house prices have recorded their largest drop since the height of the GFC, with Sydney and Melbourne leading the way down. JennieDuke Excellent. JennieDuke Still an amazingly overpriced city for what you get versus price compared to most other places on the planet. JennieDuke Good
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Sharp falls in property value forecast for Sydney and Melbourne | Sky News AustraliaSydney's property market is likely to fall 3.3 per cent this year, while Melbourne house values could fall as much as 6 per cent, according to Moody's Analytics.\n\n
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Melbourne and Sydney lead downturn in national property marketBreaking: Australia's property market has started the year in free fall with big drops in almost every capital city | swrighteconomy swrighteconomy Somewhat sensationalist reporting swrighteconomy becoming more affordable swrighteconomy Look up the meaning of Free fall ?
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Melbourne and Sydney lead downturn in national property marketThe nation's property market has started the year in freefall with big drops in almost every capital city This is really positive news for new home buyers. My adult kids might be able to buy their first home instead of renting! Breaking? Hardly. LNP housing bubble.
Source: theage - 🏆 8. / 77 Read more »