Categories
Property Real Estate

🏑 Is A Housing Crash Even Possible? | 2020 Housing Market Review

Many people have been hoping for a housing market correction as their chance to enter the housing market.

#Housing #RealEstate #HeiseSays

Watch on YouTube

Many people have been hoping for a housing market correction as their chance to enter the housing market. With our first recession in 28 years, there were many predictions that housing would crash up to 50%. Let’s look at all of the interventions into the market and ask ourselves the question, “Is a housing crash even possible?”

References

$285k wiped from your home: Bank’s prediction

https://au.finance.yahoo.com/news/cba-warns-of-32-house-price-tumble-020218800.html

https://www.asx.com.au/asxpdf/20200513/pdf/44hsglr1rmd5t7.pdf

Post-coronavirus deposits are safe with the banks, and debt for property is not a huge risk, say regulators

https://www.abc.net.au/news/2020-08-26/senate-inquiry-bail-in-bank-deposits-rba-household-debt-covid19/12594380?fbclid=IwAR313MsOCPpJpqhItCV5zM1Tbb9_Ouw0oKwDLd_1wBmEafFyg1BOurF3Sds

Economic Response to the Coronavirus

https://treasury.gov.au/coronavirus/homebuilder

First Home Loan Deposit Scheme (FHLDS)

https://www.nhfic.gov.au/what-we-do/fhlds

https://www.abc.net.au/news/2020-06-01/superannuation-withdrawals-spent-on-gambling-alcohol-takeaway/12306710

COVID-19 early release of super

https://www.ato.gov.au/individuals/super/in-detail/withdrawing-and-using-your-super/covid-19-early-release-of-super

Labour Force, Australia

https://www.abs.gov.au/statistics/labour/employment-and-unemployment/labour-force-australia/latest-release#employment

Cash handout of $750 for 6.5 million pensioners and others receiving government payments

https://theconversation.com/cash-handout-of-750-for-6-5-million-pensioners-and-others-receiving-government-payments-133512

CoreLogic Home Property Value Index – Monthly Indices

From <https://www.corelogic.com.au/research/monthly-indices>

https://www.corelogic.com.au/research/monthly-indices

Aussie QE to the Moon | RBA Balance Sheet to hit 27.5% GDP