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 when our politicians have shown the intervene in the market and do more harm than good?
The International Monetary fund is warning of a potential housing market crash in New Zealand as houses surged by over 22% in February.
Rents are being hiked by up to $100 per week as protections and moratoriums begin to expire. The 2021 rental market appears to be encouraging people to jump into the property market.
Housing is booming across the United States.
The U.S. Housing Market Hits $36.2 Trillion.
We are apparently only months away from the beginning of years of oversupply in our housing market. I wonder when will we start hearing calls for increased population growth to help prop up this sector?