The media are kind enough to share the locations of where property and sales are surging and where it’s predicted to rise.
The media is highlighting the struggles of a professional couple, with a $173k deposit, trying to enter the housing market in Perth.
Booming Property Prices Creating Record Wealth.
The Commonwealth Bank has increased the interest rate on their four years fixed-rate mortgage.
The International Monetary fund is warning of a potential housing market crash in New Zealand as houses surged by over 22% in February.
Let’s discuss what is property market insanity
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.
The RBA are not worried about the cost of housing with the cash rate expected to stay low for a long time.
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?
Housing Affordability worsens as demand for cheaper housing is inflating prices.