Australia properties are too expensive. The house price must go down 50%. Too much bubble. Bubble created by developers and local Council.
Could, maybe, possibly, who knows, guessing, content quotas to fill, lets just waffle and guess a bit, they wont notice.......
Oh good I will wait for those Vaucluse to come down to about $1M
Good....my kids have a chance then!
Patience then buy then hold through cycle then sell. Repeat.
There are three types of housing people. Those who own, those who are buying and those who would like a home. So 2/3 of people have skin in the game. The majority usually wins
So a reality check your property is only worth what a buyer is willing to pay. I have never understood why buyers want to pay more.
I would hardly define corrections in hugely over inflated prices a 'drop'.... it's called karma. And the amount of money drained from our economy stuffed into pockets of banks & developers due to this ridiculous inflation has been a disgrace. Homes are not meant for profits.
Had to happen. Rouge Chinese pumping their ill-gotten gains into Australia. Next, it will be the farming community.
KBaulman
Opinionated and irresponsible reporting
Does that mean housing will become affordable or will mum and dad investers take advantage of a slump in the market?
Not 'could', 'will'. 1/3 off the top of the price by EASTER. Betcha.
The Markets rose ridiculously high to 110% in the last 10 years. There had to be a correction at some point.
Let me know when
Good they're over priced anyway. Let them fall hard and fast.
Trees do not go up to heaven
OR maybe it won’t
More political media devised rot, designed to spark fear into the population, or their ramping up the Cloward-Piven agenda.
Ouch
Regarding Housing Prices… .JoshFrydenberg: 🦗🦗🦗🦗🦗🦗 lnpfail auspol
Yeah it could snow too
Australia needed a reality check. Syd/Melb will probs always be relatively expensive given the population quantitative easing program our pollies are running but the party got stupid and now the hangover is kicking in... I’m tipping at least another 15-20% off in those markets
Burn baby burn. With greed comes pain.
Thats because we had the most over inflated prices in Sydney and Melbourne in the world....just coming a very small notch back to a still over inflated market.....another ridiculous media beef up story.....gamble big win big or lose big who cares...i dont live in either
WELL COULD WAIT UNTIL HAVE ANOTHER HOUSING BUBBLE DISASTER those who've have long range commitment will survive. A SYSTEM THAT MAKES IT IMPOSSIBLE4SO MANY LOCALS2EVER ASPIRE2OWN THEIR OWN HOME MUST BE DISMANTLED ASAP. So corp media inform the people of ALL THE FACTS & IN CONTEXT
Excellent, it needs to drop dramatically to come any where in line with the reality of every day Australians. You have to also realize the most people don't want to sell their property but have been negatively impacted by higher rates etc. It is so unfair.
Seriously this baffles me - markets rise and fall - the housing market was supercharged by foreign & local investors buying up residential properties which BTW is a debate we need to have- is a home a right or a commodity. Property was overpriced for a long time BurstingBubble
The prophets of doom have been circling around the earth like forever preaching doom & gloom. Those who listen to them become their disciples
Down, down, government sponsored ponzi scheme is down
The government told to just go get a higher paying job
Stand by for Domain 'objective' articles hyping the market. Advertorials telliing us about how agents are great, jump in now, stylise your home etc. Oh they already have!
And Labor is not in power yet it will all be Labor’s fault.
Almost as though subsequent governments' policies/inaction on bad policies lead to an inflated market in a time of stagnant wage growth making properties unaffordable leading to a downturn in market prices (only for the properties in the top 60% of the market though)
That’s right SMH, talk it up, get everyone panicking. Great work.
The government control the banks, banks control the lending. Government controls the market. Why else would a pattern occur? When interest rates go up. Thats just all part of the plan
And still be to expensive
So they should! Crazy ridiculous prices! The Concern is the people who will loose $$$$$ from the greed of estate agents and human imports who started this price rise!
it would be best for home buyers Melb&Syd had a runaway prices driven by foreign buyers Melb prop agents went to Beijing to have a road show for Oz prop We were addicted to Chinese buyers Vancouver was d same so gov there slapped 20% tax for foreigners
The housing bubble looks to be loosing some pressure but the prices over the last 10 years must surly have increased more then the % decrease. And to keep the economy going housing was used on the cooling resources boom. It can’t be sustained for ever after the break neck rises.
great
Hope so
. Good.
Just keep borrowing that printed money, laundering that sweet Chinese cash into property and pumping in the migrants. She'll be right. Fair dinkum!
Labor have been in power in only 6 of the past 22 years. I Blame Labor.