Property ‘bloodbath’ could see house prices fall 50 per cent

Good news right? I mean for affordability...

About time. Now more people can buy. Was amazed a friend who pays $518 rent a week was refused a bank loan with a $50k deposit for house PeopleWhoPayRentAreSameAsOwners IfYouCanPayRentYouCanPayForHouse BanksAreSoStupid

You don't have to vote for Labor

I’ll buy more when that happens wooohooo

The crash will be worst than the 1890 depression, the expert says ‘the bright side is houses will be affordable again’ LOL. With a market crash, construction, retail etc. also crashes and unemployment will be through the roof. No one will be able to afford anything you GOOSE!

bigrobsi Be good if the media weren’t fuelling this.

Who cares? The sky is going to fall down tomorrow anyway. 🤥

Scare tactics to get readers

I don't think house prices in Melbourne are going to drop 50%, but if Daniel Andrews increases land tax 50% one year, 30% the next year, on top of Bill Shorten removing negative gearing while reducing the benefit of the capital gains tax, then obviously something is going to give

Scaremongering

Hope so.. possible.... Things happened in US long time back can happen here. We can't be always dodgy and skip rescission.

'Lindsay David has been calling for this crash for the last 5 years'.. so he's missed a 75% run up in the market.. he therefore knows nothing about the market and should not be quoted as an expert by you..

10 years too late. If you bought in the last 5 years I feel sorry for you. Sudney housing needs to retrace back to 2013 prices to be more in line with wages.

Headlines are always ‘House prices are falling’ or ‘it’s too expensive to buy a house’ Which one is it then?

housepricesfallinghousepricesmelbourne

Bullshit

Something BIG comes your way ..... can you say GFC ?

Obviously the headline was not written by a real estate agent.

Entirely plausible but likely only a 15 to 20% decline in my view. But think about that, half the mortgages with negative equity.

Clickbait for the banks. The banks are ready to pounce on people desperate to get into the housing market.

These peanuts either need to put up or shut up

Who writes this shit

Is he the same muppet that predicted every house within 100m of the beach would be under water by 2018?

you lost me at 'could'

Brisbane too

Articles like this become self fulfilling prophecies. Just like the ones that stoked the boom

Or 'could' not.

EagleOnEagleSt

And it took until the 1950s for home prices to recover to pre-1890s’ levels

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