https://www.theage.com.au/politics/federal/melbourne-and-sydney-house-values-tumble-through-september-20201001-p560w2.html
Data don’t lie, but those misinterpret or use for own special interest do. With so few houses in the market for sale and purchase, the sample size is too small to make any sense.
Why should anyone want to take the trouble to sell or sell at a lower price? Very likely these owners are either in need of money, or their investment property is NOT generating income.
Mortgage stress is very real, and therefore be very careful if your own a property, especially your first home. Make sure you have enough backup income to keep you afloat in case you or your family bread winner become unemployed.
Thank you for reading.
Why should anyone want to take the trouble to sell or sell at a lower price? Very likely these owners are either in need of money, or their investment property is NOT generating income.
Mortgage stress is very real, and therefore be very careful if your own a property, especially your first home. Make sure you have enough backup income to keep you afloat in case you or your family bread winner become unemployed.
Thank you for reading.
