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I dont think house prices will decline they may stay the same for a while but the reason i believe they will stay like this is becuase inflation will do the job of in real terms reduce the value of the housing market.

Lets say house prices remain the same for 3-5 years and inflation stays at 3% which is a good chance thats essentially a loss in value of 9 - 16%.

Because we have low vacancy rates and not enough supply it is highly unlikely that we will see a large reduction in prices as the US is.
There is still plenty of money out they looking for a home to invest in as the share market declines in many places around the world wheres the cash gonna go?

Just my opinion could be wrong. But i think with urban consolidation petrol price increases and cost of services rising there will be areas close to public transport and the cities where house prices go up. Western sydney and the outer burbs are screwed IMO if anything is going to go down its these places.

<blockquote data-quote="KIWIKARLOS" data-source="post: 244454" data-attributes="member: 5715">I dont think house prices will decline they may stay the same for a while but the reason i believe they will stay like this is becuase inflation will do the job of in real terms reduce the value of the housing market. Lets say house prices remain the same for 3-5 years and inflation stays at 3% which is a good chance thats essentially a loss in value of 9 - 16%. Because we have low vacancy rates and not enough supply it is highly unlikely that we will see a large reduction in prices as the US is. There is still plenty of money out they looking for a home to invest in as the share market declines in many places around the world wheres the cash gonna go?Just my opinion could be wrong. But i think with urban consolidation petrol price increases and cost of services rising there will be areas close to public transport and the cities where house prices go up. Western sydney and the outer burbs are screwed IMO if anything is going to go down its these places.</blockquote>

[QUOTE="KIWIKARLOS, post: 244454, member: 5715"] I dont think house prices will decline they may stay the same for a while but the reason i believe they will stay like this is becuase inflation will do the job of in real terms reduce the value of the housing market. Lets say house prices remain the same for 3-5 years and inflation stays at 3% which is a good chance thats essentially a loss in value of 9 - 16%. Because we have low vacancy rates and not enough supply it is highly unlikely that we will see a large reduction in prices as the US is. There is still plenty of money out they looking for a home to invest in as the share market declines in many places around the world wheres the cash gonna go? Just my opinion could be wrong. But i think with urban consolidation petrol price increases and cost of services rising there will be areas close to public transport and the cities where house prices go up. Western sydney and the outer burbs are screwed IMO if anything is going to go down its these places. [/QUOTE]

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