Heise Says
#HousingCrash #RealEstate #HeiseSays
Will the Housing Market Crash by 30% and what would it mean for Australia?
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What would you do if housing fell 30%?
https://www.youtube.com/post/UgkxpOC-sM3dJCovrA9nnZV_cyMj940f53ja
We already have negative real rates.
3.6% inflation – 0.1% cash rate =
Negative 3.5% savings rate.
Modern Alchemy, converting everything into gold & silver🤑
👍🤠✌🇦🇺
The whole thing is that most people wouldn't be able to buy, because that would be the most important reason why prices would drop – hardly someone would be able to buy at high rates.
For starters interest rates will not be going up. And also the borders are about to reopen so the flood of cashed up immigrants into Australia is going to be insane. We're about to see the greatest housing boom in the history of Australia.
No. As always, they'll just turn the immigration tap open wider.
I hope housing drops by 80% so I can then pay cash and live comfortably 🤪
Australia is and will be resistant to any market crash just bc investment properties tax privileges. Instead being taxed from luxury you claim all sort of losses (read loops) and free holiday called inspection travel- the list is long. NO MARKET CRASH IN AU!
Where have I heard this before.
Won’t crash, building material hard to get and building materials going up 25%
Hav a party
Not in Perth in the near future. We're still so much lower than the rest of the country and climbing that if rates go up, we'll still look worthwhile.
Given deposits make up less than 30% of what financial institutions can lend, fact is if the rest of the world pushes rates up, cost of funds will be expensive which gets passed to the consumer. Exchange rates will also be impacted with the Aussie dollar devalued costing more for good and services. RBA is just wishing and hoping.
I'll vote for whoever gets rid of negative gearing.
I find it amazing that Aussies can deal with crazy fuel prices, significant inflation in essentials, and yet still find the money to pay 30% to 50% more for housing.
I guess as someone on the PropertyChat forum said; "If this doesn't prove that Aussie property is bulletproof, what will?"
This person referring to the pandemic and all the government mandated shutdowns.
I tend to agree with this.
The gov didnt pass bail in laws for no reason . They know its comming . They are going to cause it to happen . Their banking mates want the land .
So, I wonder what the solution is.
We have housing prices outstripping income growth 5 to 1.
And inflation is far too high.
In any case, I didn't think the RBA considered housing prices in interest rate settings?
So we have a housing construction sector flat out, yet some of the worst housing shortages ever. Just about every region in the entire country, both to rent and to guy. Crazy times.
A property crash is impossible in Australia. If there is even a hint of a crash, the government will open up immigration … even more. There is an infinite number of people wanting to immigrate here.
I hope so maybe 50% would be better
Australians are brainwashed into thinking that housing always goes up and that taking the jab will stop you from getting the virus………..
The economic hardship, recession, unemployment and the loss of job caused by covid pandemic is enough to push people into financial ventures. Well, I'm taking a trip into investing because I lost so much during this pandemic. Multi creation of wealth is the best strategy to ensure financial sustainability..
20% price drop means negative LVR for some, come up with the funds or we sell your home, no funds house sold, which will add more pressure to add the Auction list. Once the banks starts on this type of work it is all down hill from here. Rule one for investors – for every action there is an equal and opposite reaction. And then there is – Look Boss the plane, the plane, cheap cheap by the plane load to push down labor prices.
I Mr. HEISE…I BELIEVE AUSTRALIAN HOUSE PRICES FALL 42% VERY SOON
If both mkts ( housing & stock ) crashed simultaneously, people have to wake up after 2030! Present intrest rate is a total joke.
Rises won't happen this year… political suicide.