*affecting...
Good. High house prices make us wage slaves to the banks. We should be happy prices are falling.
Let's see the Chinese cashing in and leaving in droves having destroyed any chance of this generation ever owning a home.
Why would the housing slump bring about regions? Ah - you mean affecting, perhaps?
This is only a problem for investors who want to sell houses for profit, not for the generations of people priced out of buying a home, or for the vast majority of homeowners that don't want to move. So why is it headlined as if it's a tragedy?
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Australian house prices slump, with Sydney recording steepest drop in a decade | Sky News AustraliaAustralian house prices have slumped, dropping 6.5 per cent in 2018. \n\nEconomists say the drop is due to the restricted access to credit with banks being forced to tighten lending standards and slow loan applications. \n\nSydney recorded its steepest drop in a decade last year, with the average house price now sitting at $1.06 million and $702,000 for units. \n\n\n\n\n\n\n So it’s where it should be. In a market with very high transaction costs if prices are falling and you only have one swing at it then you are going to not buy until you think the market has bottomed.
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 ?
Source: smh - 🏆 6. / 80 Read more »
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 »
House price falls in Sydney and Melbourne accelerated through FebruarySydney and Melbourne house values down more than 1 per cent in February as property decline widens | swrighteconomy swrighteconomy Over Primed Property. Just like Sub Prime. without safety Net for victims of mass manipulation by Regulators. Reserve Bank Governor's. With Governments. Robbing savers to REWARD speculators swrighteconomy Next move will be higher immigration to save the media led urban elites whose greed, speculation and over development caused the problems in the first place.
Source: smh - 🏆 6. / 80 Read more »
House price falls in Sydney and Melbourne accelerated through February'If Melbourne's downturn continues at a similar pace we are likely to see the annual decline move into double digit falls over the coming months' *weeks Our over priced market is finally coming back to reality and everyone is in a panic. How about some truth from media for a change or is that no longer something you value?
Source: theage - 🏆 8. / 77 Read more »
House price falls in Sydney and Melbourne accelerated through FebruaryMelbourne house values tumbled by 1.2 per cent in February and 11.5 per cent over the past 12 months.
Source: theage - 🏆 8. / 77 Read more »
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 »