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The property downturn has spread across all sectors of the housing market, as both high-end and affordable home values declined in the September quarter. Home b…
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21 Comments
The best part is all the thieving Governments missing out on all those delicious Stamp Duty dollars.
Everyone's comment here is happy that the prices are going down. So its good news for the majority of Australians!
Just a natural progression for people who use houses as investments.<br>Goes up and down.<br>Thats the risk of being a house investor.<br>So tuff luck you played the game and lost
Good. May they drop 50%
It's ridiculous how media gets "expert" opinion from the real estate agent business. Ever heard of vested interests or conflicts of interest? Also, aren't sales commissions based on a percentage of the sale price and not a pre-set rate (as required by most businesses)? Lower property prices are not in their business interest.
Y'ALL BEING RIPPED OFF ALL THIS YEAR
A Ray White’s ‘expert’ opinion is completely irrelevant and misleading for the lesser informed folk.<br>Who cares what this woman thinks?! When their living depends on people transacting properties.<br>They only know how to feed FOMO; that’s their only strategy, because the reality is that these people are a bunch of talentless grifters.
Why is the narrative always that this is a bad thing?! People should be able to afford a home to live in, rather than wealthy people continuing to make unreasonable amounts of money from property
Q. What do we want? <br>A. More realistic affordable housing so people can have shelter.<br>Property prices start to fall.<br>OH NO, IT'S THE END OF WORLD!!! 😂<br>How old are these people? Property prices are cyclical. Have they not heard of property prices falling before???
Yeah but people are moving out of cities to regions like we did in Covid. Do they look at that data? Not really.
Houses are for living in not for speculation. This is why America is going down the shitter while China replaces them as a superpower.
Let me grab the world's smallest violin for the poor, poor real estate agents and investment property owners who are affected by this.
Rich cash buyers are salivating.
House prices rose 19% last year in Brisbane and my rent increased another 7.5%, nothing from the chattering classes. House prices may drop half of that and it triggers mass panic and recession fears among the Class A citizen home owners. And death threats to Jim Chalmers.
Why is this bad news? The market is correcting under a more level playing field. And why you are getting commentary from the most vested interest is laughable.
Good
I'm running a building energy efficiency consultancy office in Sydney. The new projects, approvals and council submissions are at the lowest level I've seen in years! So the government who is dealing with a housing shortage crysis, stabbed the investors in the back and shut down the new building approval market. Genius 🤔
Finally
ABC consulting with investors about how poorly to frame housing affordability.
I reckon down turn will start at the expensive end of the market and then move into the affordable end…
Come on we know that Liberals Howard policy super inflated the housing market for minority wealth creation ... not houses for Aussies <br>& with Labor's changes the market is slowly going back to material value
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