said they expected house prices to continue to fall in 2019, accompanied by a reduction in new housing investment.
That lack of investor activity will put downward pressure on house prices, Ms Grubisa said, but the Australians who will be hit hardest in the long run are homeowners, not investors. Economic modelling issued by Master Builders found there could be 42,000 fewer new homes built across the country. That slump would result in 32,000 job losses, it claimed.Source:Getty ImagesDevelopers have been spooked by price drops over the past two years and are putting projects on hold, which will constrain supply for some time to come.
They fell in Brisbane and Adelaide while remaining stable in Melbourne, although property economists later argued those cases were driven by other market forces. SQM Research reports Perth rentals could jump 20 per cent, Melbourne and Adelaide 15 per cent, while Sydney, Canberra and Hobart may rise 10 per cent.
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The media can't have it both ways...both decry how unaffordable housing is...then also decry any changes that would lower demand/housing prices.
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