We won't see those ridiculous highs again.I dont think its that hard to judge given the expected 7% plus unemployment rate to come I would expect it to be much higher.
If that happens last decent recession it took 14 years to get back any where close to the unemployment figures where it all started.
The unemployment this time around will likely be right thought all levels, that's a lot of mortgages to try and prop up or fall over.
Just cannot see it looking that good for demand or pricing.
I dont think its that hard to judge given the expected 7% plus unemployment rate to come I would expect it to be much higher.
If that happens last decent recession it took 14 years to get back any where close to the unemployment figures where it all started.
The unemployment this time around will likely be right thought all levels, that's a lot of mortgages to try and prop up or fall over.
Just cannot see it looking that good for demand or pricing.
Perhaps Harry Dent was correct about the boomer crash after all, just a decade or two lateNext 14 years will see a lot of us boomers off to heaven, what will all the health care going to do for work? There will be a flush of ex boomer housing and investments out there too for all the grandkids.
You have to remember, both major parties want Australias population to increase a lot and we have a negative birthrate.Govt is addicted to the taxes and propping up of value. There are a huge number of rich overseas buyers. Many times our entire population. People forget the scale of overseas buyers.
If it was a choice of banks going underwater, along with everyone with an overpriced loan. Or prop up the industry so it doesn't collapse. Which one do people think the govt is going to do?
The days of letting things crash and let the market do it's thing seems to be over. Govt intervention and stimulus is the new normal.
They also let them in if they have money. Our dollar is low and we are pretty stable otherwise. It won't go up but government intervention may stop it going down a lot as well.Exception : govnuts allow any foreigner to park their money in Australian Property.
Old saying about broken clock is never more true for Martin.Of course property will slow but lololololol Martin North he's been calling it for years and years
"It's different this time"Of course property will slow but lololololol Martin North he's been calling it for years and years
That would be true, the last three months a lot of property that has been sitting for years around Mandurah, have been sold. The wife and I do a lot of cycling around and had definitely noticed it.Talking to a local real estate agency owner he said they just had the best three months for 11 years now.....dead and buried.
There are a lot of standard houses on a 5 acre property? Well ok, in woop woop I suppose.Our ppor on the market still, very very niche so not surprising, will take months, but what is surprising is a lot of std house on 5 acres are being sold now..
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