Is It Hopeless Waiting For A Housing Crash? | First Home Buyers Priced Out Of The Market

#RealEstate #HousingCrash #HeiseSays

With housing prices growing after Australia’s first recession in 28 years and first home buyers being priced out of the market is it hopeless to wait for a housing price crash? Particularly when our politicians have shown that they will repeatedly intervene in the market and do more harm than good?

References

House prices are unaffordable for most first time homebuyers in Australia

https://www.news.com.au/finance/real-estate/buying/house-prices-are-unaffordable-for-most-first-time-homebuyers-in-australia/news-story/39c73a641a0658194fc1711d731b36b1

https://www.abs.gov.au/statistics/labour/earnings-and-work-hours/average-weekly-earnings-australia/latest-release#industry-earnings

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

https://www.nhfic.gov.au/about-us/our-organisation

https://www.9news.com.au/national/australia-house-prices-2020-national-average-hits-record-high-as-lockdowns-ease/bf8383a8-c4c4-4345-9f7f-4976437621e4

https://www.theage.com.au/politics/federal/melbourne-median-house-price-up-60-000-since-year-began-20210401-p57fup.html

https://www.apra.gov.au/temporary-loan-repayment-deferrals-due-to-covid-19-february-2021

https://www.theage.com.au/money/tax/who-benefits-most-from-negative-gearing-20190612-p51x11.html

https://www.nhfic.gov.au/research/researchreport/housing-affordability/housing-insites-capital-city-housing-affordability-for-renters-and-potential-first-home-buyers

https://www.ahuri.edu.au/