Housing Will Fall 20% – ANZ

#realestate #housingmarket #heisesays
ANZ is predicting a 20% house price fall. Haven’t we heard all this before?


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  1. If housing doesn't fall 30% once we get to a cash rate of 3% (if we in fact do), sustained at that rate for 12 months, I will quit my job and go live in the forest. That's how sure I am that we will see such a fall if the cash rate goes that high. Again, that's IF the rate is kept at or above 3% for at least 12 months.

  2. GenX got in while it was still good, us Mille's are getting the scraps. Then they got the nerve to say shit like, ah ya know, you just need to save harder. Ah yer, alright, so how many years is it going to take me to save 100k + on an 80k salary renting in Sydney.

  3. In my area 2018 had a lot of decent houses on offer at price I could accept. But more importantly none of this "offers over".. "sale by negotiation".. "invitations to purchase" farking bullshit…

  4. By the end of this year there will be approx 65% delinquency rate , yeah houses are set to be dropping by alot . Much more than 20 % , I'm expecting 45%

  5. That's today's prediction. Let's see how high interest rates must be hiked to quash inflation. Because that will be a leading indicator of the direction that house prices travel.

  6. Ah yes. The banks jawboning the RBA and government.
    We can expect something soon.
    We can't prices fall. ** meaning actually becoming more affordable. * meaning that an essential human need is more affordable.

  7. it would be more interesting to not just look at the price growth, but what is the multiple of the median income needed to buy the medium house. If house prices are going up in relation to wages then that is just noise. I suspect a lot of this is propaganda to try and put pressure on the government to stop raising interest rates

  8. Houses will fall in shit areas. Here in the western suburbs of Sydney houses have gone up to a million bucks. These are suburbs that you wouldn't want to live in if they gave you a house for free.

  9. I can't see prices dropping drastically. Vendors won't be selling if they don't have to, which will create a shortage; banks won't want homes selling for less than their debts, so they will ride it out for a few months and the NSW deferral of stamp duty to an annual tax will give purchasers an extra coin in their purchase price.

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