Australian house prices could keep falling

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National values are down 2.7 percent since peaking 12 months ago, and are expected to fall even further. 9News

 

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Good news, but still needs to come down another 10 to 15 times that before pricing is realistic.

Good. The banks and their irresponsible lending are the only reason for the ridiculous house prices in Sydney. If you can’t borrow the money you can’t pay the stupid price. Hopefully prices will keep falling.

Excellent, but a long long way to go down to come inline with the reality of earning of the bulk of Aussies.

The investment mania driven by favourable tax arrangements has created inflated valuations. This correction will exceed 30% & peak after the interest only loans that can’t be refinanced in 2020-21 come to market. Firesale 2020-2021 Tell ya mates Our criminal banks are lawless

will council rates come down ? noooooooooooooooooooooooooooooooo

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Housing market experiences largest price fall in a decade | Sky News AustraliaHousing prices have experienced their largest slump in a decade, with Sydney's prices falling by 1 per cent and Melbourne's dropping by 1.2 per cent for the month.\n\nEconomists predict the trend could see prices fall by 12 per cent over the next year.\n\nThe Reserve Bank is expected to meet on Tuesday to discuss if it will increase interest rates from its record low rate of 1.5 per cent.\n\n\n PaulineHansonOz PaulineHansonOz Chinalia,,,at least it will better than Sharia. PaulineHansonOz Sky has found a new friend ... Pauline ... the only person that agrees with Sky’s agenda lol ... that should tell us all to run the other direction
Source: SkyNewsAust - 🏆 7. / 78 Read more »