Australia’s property is apparently rocketing, let’s look at some arguments as to why this is happening.
The deposit guarantee appears it might not stimulate the housing sector as much as hoped for.
Household Debt is soaring in Australia.
Is Australia’s property on the verge of a boom or a bust?
#RealEstate #Property #Auctions Deric and uninhabitable properties are selling for millions of dollars in Sydney because people want to buy before the coming boom. I have to ask, what could drive a boom in the Australian economy? https://youtu.be/J7sQ3AoNvuc References Collapsing hovels selling for up to $2 million as Sydney auction market turns red hot againhttps://www.news.com.au/finance/real-estate/collapsing-hovels-selling-for-up-to-2-million-as-sydney-auction-market-turns-red-hot-again/news-story/9ebe7550824c356bc7b7186b65cf6317
#InterestRates #RBA #NegativeInterestRates Are low interest rates here to stay or simply part of the journey towards negative interest rates? References Record low interest rates are here to stay, and may even sink lower, economists predict https://www.abc.net.au/news/2019-08-27/interest-rates-predicted-to-stay-low-economists/11450918?section=business
#MortgageStress #Retirement #RealEstate More Australians are heading into retirement with years of mortgage payments and stress ahead of them. References Mortgage debt causing older Australians distress and worsening mental health https://www.abc.net.au/news/2019-08-27/mortgage-debt-causing-older-australians-distress-study-finds/11450958?pfmredir=sm
#Property #Rebound #RealEstate Claims of a property rebound in Australia might be premature. References Property market showing green shoots, but is it enough to call it a rebound? https://www.abc.net.au/news/2019-08-26/property-market-showing-green-shoots-but-is-it-a-rebound/11447438?section=business