House prices across Australia are expected to plunge even further this year as families continue to tighten their purse strings.
According to the March CoreLogic Hedonic Home Value Index, the declines have been fuelled by cooling economic conditions. “GDP growth is forecast to slow to 2.5 per cent this year. Ultimately domestic demand is likely to be subdued in 2019.”
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House prices predicted to fall another 10pc before 2020 reboundHouse prices in Sydney, Melbourne and Perth are set to continue their steep falls before a possible modest rebound in prices later this year or early next, Moody's Analytics predicts. Buyer profile has changed. People don't want to buy a 'House' anymore. They want a 'Home' decorated with beautiful original Oil On Canvas paintings. Being an Artist, working together with real estate stakeholders, my business is projecting exponential growth. . Seriously bad reporting again. Hey, I dunno Janda but maybe he is new to this... Moody's gave us GFC for starters... But you can't report hard news that they predict price rises in future without giving any coherrent argument why. This is just election propaganda. .
Source: abcnews - 🏆 5. / 83 Read more »
Moody's dramatically downgrades its forecasts for house pricesFalls in house prices across the country are going to accelerate this year, rating's agency Moody's has forecast, with parts of Sydney and Melbourne likely to face drops of more than 15 per cent over the next 12 months | swrighteconomy swrighteconomy Nice swrighteconomy Good news for young folks! Good news for home owning boomer parents who want the kids to move out and on with their adult lives. swrighteconomy Moody's, the firm that had a 'A' Rating for Lehman Brothers until ONE DAY before it imploded. Yeah I'm going with their predictions.....
Source: smh - 🏆 6. / 80 Read more »