Post to Facebook on 12/6/2018 at 12:59 AM
Commenting on “Fall in house prices is 'quite a bit larger' than expected, says ANZ”
https://www.theage.com.au/business/banking-and-finance/fall-in-house-prices-is-quite-a-bit-larger-than-expected-says-anz-20180606-p4zjr9.html
Only if these bankers and economy gurus read my blogs, they will not make statements like “fall in house prices is quite a bit larger than expected!”
Besides just simple “pure” mathematics, many other factors are involved in predicting the rise and fall of the real estate market.
Unlike share market which normal takes less time for the participants to respond, and less people to put their hands in stirring the buy-sell pots.
A real estate transaction takes much longer time to complete, if nothing drastically happens during the process.
More people besides the purchasers and decision makers such as the lenders, government policy makers, developers, etc, can change the outcome; even the most buoyant market can slump overnight leaving a long trail of financial and family destruction.
The recent Mortgage Choice franchisees are suffering big financial setback, which is due to their inability to write more than $1.5M new mortgage loan each month. In a declining market, a lot of potential buyers are very cautious to venture into the real estate market.
In my opinion, the fall will continue until third quarter 2019 in most suburbs. Some will recover sooner but unlikely to pick up with a sudden up swing. I am still hesitant to accept regional cities/towns will continue to rise. It is more than likely the trend will reverse soon.
Thank you for reading.
https://www.theage.com.au/business/banking-and-finance/fall-in-house-prices-is-quite-a-bit-larger-than-expected-says-anz-20180606-p4zjr9.html
Commenting on “Fall in house prices is 'quite a bit larger' than expected, says ANZ”
https://www.theage.com.au/business/banking-and-finance/fall-in-house-prices-is-quite-a-bit-larger-than-expected-says-anz-20180606-p4zjr9.html
Only if these bankers and economy gurus read my blogs, they will not make statements like “fall in house prices is quite a bit larger than expected!”
Besides just simple “pure” mathematics, many other factors are involved in predicting the rise and fall of the real estate market.
Unlike share market which normal takes less time for the participants to respond, and less people to put their hands in stirring the buy-sell pots.
A real estate transaction takes much longer time to complete, if nothing drastically happens during the process.
More people besides the purchasers and decision makers such as the lenders, government policy makers, developers, etc, can change the outcome; even the most buoyant market can slump overnight leaving a long trail of financial and family destruction.
The recent Mortgage Choice franchisees are suffering big financial setback, which is due to their inability to write more than $1.5M new mortgage loan each month. In a declining market, a lot of potential buyers are very cautious to venture into the real estate market.
In my opinion, the fall will continue until third quarter 2019 in most suburbs. Some will recover sooner but unlikely to pick up with a sudden up swing. I am still hesitant to accept regional cities/towns will continue to rise. It is more than likely the trend will reverse soon.
Thank you for reading.
https://www.theage.com.au/business/banking-and-finance/fall-in-house-prices-is-quite-a-bit-larger-than-expected-says-anz-20180606-p4zjr9.html
