Australian capital city house prices fell another 0.4 per cent in May, pushing the total decline since the market peaked to just over 10 per cent.
While analysts had warned of top-to-bottom price falls of as much as 20 to 25 per cent in Melbourne and Sydney, analysts say prices have now hit their floor. While it might be reassuring for property owners, it's a harsh reality check for aspiring home owners who had hoped for more substantial discounts to secure their first property.Shane Oliver, head of investment strategy, AMP Capital
No, you'll see the worst of the housing market crash when interest rates rise by a few percent. All those 5% deposit, government guaranteed, loans start defaulting and the taxpayer is asked to foot the bill once again.
So the biggest debt bubble in Australia's history has miraculously disappeared? Didn't think so...
Experts predicted your Labor party would win, how's that going for you.
One minute the downturn is going to last at least 2 years, the next moment we’ve seen the worst of it and the future is all bright. It sounds like a crock to me and property is still way overpriced.
Doubt it. Economic conditions seen to be worsening. Fall's may increase if we see rising unemployment
If all we need do is wait for the 'experts' why do we have to go thru the pain. If you want 100 different opinions, ask the experts.
The bad hasn't started to smoulder yet.
... controlling the narrative at the abc....oligarch approved property pump piece..
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