Quote:
Originally Posted by BENT_8
https://www.msn.com/en-au/money/home...id=mailsignout
Hmm..back in 08 we had the GFC to blame for the short term cooling of the housing market, there is no financial crisis now and were seeing bigger falls.
I think the reduction of foreign investment has brought reality back into the equation.
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Essentially the same thing as the GFC has happened. Money lending has become tighter so less people buying. I believe there have been changed to interest only loans again to slow the house prices dropping.