Re: Australia housing bubble
|
|
Quote:
Originally Posted by prydey
When referring to the housing market, buying and selling doesn't really matter. It's just an observation of the marketplace in general, and currently its on a bit of a downward trend.
History says it generally will stabilise and climb again, but history is just that.... History. It's not a guarantee of what will happen. Just because a massive house price crash hasn't happened, doesn't mean it can't or won't.
|
Same with movements in interest rates. Everyone says they will never hit the highs of 18% again like they did in 1990 but they've done it once so it can't be ruled out. One thing's for sure they will get to around 10-12% again and that’s where we will see real problems for many home owners with huge debt and earning average incomes
__________________
2005 BA MK2 FPV GT - 6 SPEED MANUAL , SILHOUETTE, SWISSVAX, SUNROOF, BILSTEIN AND LOVELLS, FACTORY GENUINE 19'S, X-FORCE STAINLESS QUAD CATBACK, ADVANCE HEADERS, 200 CPSI CATS, BLUEPOWER CAI, HERROD BREATHER KIT, 4:11 DIFF RATIO, MAL WOOD OPT 3+ CLUTCH, BILLET SHIFTER, MELLINGS 10227, NOW WITH REVERSE CAMERA/SENSORS, ALPINE SPEAKERS & SUB - CUSTOM TUNED TO 275 RWKW
NOW WITH A NEW ADDITION - 2017 MUSTANG V8 GT FASTBACK - , 6 SPEED AUTO IN PLATINUM WHITE,
|