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Property prices have declined for the sixth month in a row, with all capital cities except darwin recording drops. Cotality's Tim Lawless says it's good news fo…
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17 Comments
If one nation win this election, the demend for house will reduced alot rhen what we think.. this will drive down the price for a while like couple of years but bounce back alot due to the high inflation... it will be very good time to invest money soon in next 2 years.. just save cash!!
Recession in 2027?<br>Albanese & Chalmers are working hard to achieve a Recession next year, this should help make housing prices even lower, and fix our inflation crisis. Vote Labor and support the need for a RECESSION.
It's almost like the only people who could afford houses in the last few years were a handful of speculators.
this is the best news in a long time. the problem is manipulative politics is getting in the way of common sense, so many people will like this news but fail to understand the governments role in this. they need credit, cos they're actually tackling things that are such a problem here. imo, housing and social media are some of the biggest issues in australia and this government finally is the one to do something about it and you can actually see the effects. watch, if he stays in government and keeps this up, he's gonna be looked at as a great prime minister in about 10 years
Keep them coming down. Down by at least 25-30%<br>The housing is over inflated. Needs to come down to what it is worth
So nothing but good news then?
House prices are basically a 30 year bond. If yields rise prices have to fall. It's just basic math.
No one would want to sell their property - only if required to. Too bad for Labor assuming they can increase their tax grab. They are thieves and do not know how to cut spending. Revert back the original rules and Labor need to come back with better tax reform. Canada tried increasing the CGT and failed and had to revert back.
I would not expect interest rates to go down much. This is the new normal - which was actually the old normal pre-GFC.
What is a cotality ? Never heard of this economic term.
Fantastic, keeping going
"Buyers will become more active when interest rates come down"?!<br>I think you'll find they'll buy when HOME PRICES come down, mate.
Thank GOD for the ALP. Albo and Jim are both national treasures in my eyes. They have become political gods of the ages with their reforms. I just hope I’m not to old to by my first home by the time the dust settles and the banks don’t require a million in cash and crypto to satisfy their “what’s the point” approach to lending on homes that arnt investments.
Oh god, no.
This is exactly what Labor needs to hit home. Don't fight Pauline Hanson on her level just educate all the voters on what's really important.
Property prices falling? Oh no, the world will end! 😂<br>When they fall by 20%, will they then be called affordable housing in a vast country with a small population?
Keep them coming down back to their actual material worth ... not this super inflated BS
