#Housing #RealEstate #HeiseSays
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
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
COVID-19 early release of super
Labour Force, Australia
Cash handout of $750 for 6.5 million pensioners and others receiving government payments
CoreLogic Home Property Value Index – Monthly Indices
From <https://www.corelogic.com.au/research/monthly-indices>