Quote:
Originally Posted by b0son
The sharemarket hasn't even recovered what it lost since the GFC, and now the talk is of big falls. With no easy credit, there's nothing to underpin house price growth, and if the sharemarkets take a battering, banks will be doubly cautious about lending.
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^^ This. It doesn't matter how much housing dips now - ASIC, APRA and the Royal Commission have combined to make the banks draw tighten the lending criteria.
And as the stock market recedes then investors (people who do have money and the banks will lend to) will merely swap back into real estate.
Own goal Federal Gov-mint
