Quite easy to believe. Feb and we’ve already seen Sydney come off 15%. Highest house hold debit in the world, some of the dearest houses in the world, zero wages growth, Chinese demand has dried up. What took Sydney and Melbourne house values to these levels anyway? overvalued
Great news!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
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 »