Economy Housing Crash

Have Housing Prices hit the floor?

#Housing #RealEstate #Property

The media is arguing that housing prices “have hit the floor” due to a 0.1% month on month increase in national prices. At the same time, the US has decreased interest rates, which will have an effect on our largest trading partner, a huge Sydney developer has gone bust and Australian’s are in Mortgage stress and arrears. I don’t share their confidence.

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House prices ‘may have found a floor in July’, but no ‘signs of a recovery just yet’, CoreLogic data shows