‘Unsustainable’: Overheated housing market starts to cool

Recent CoreLogic figures showed residential property prices have surged at a near record-breaking pace, with the national growth rate in March the fastest in 33 years.

“This isn’t to say housing values are about to reverse; a more likely scenario is the housing market is moving through a peak rate of growth and the pace of capital gains will gradually taper over coming months.” “But the lift in stock additions should gradually support a rebalancing between buyers and sellers, especially if buyer activity slows as new supply levels lift.”

Other factors pointing to a cooling housing market are fewer stimulus-related incentives and affordability constraints.

Low interest rates, discounts on stamp duty, government grants will do that. Then immigration will restart in a year or so (foundation of this country) and prices will keep going up

Real state agents manipulating stock by drip feeding. Investors buying and renting out straight away. Banks lending more than people can afford. The whole system is corrupt.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sydney housing market smashes another record, but slowdown may not be far offSydney has reached a new property peak and no area is immune, with intense demand for freestanding houses from the northern beaches to the Hawkesbury. One property expert believes the boom could be nearing its end though. Breaking houseprice forecast......houses will continue to have prices......up, down, who knows.
Source: abcnews - 🏆 5. / 83 Read more »

Real estate agent wins appeal against 'unconscionable conduct' finding after buying pensioner's house below market valueAdelaide real estate agent Zane Pitt says he is 'very, very happy' after a court ruled that the pensioner he bought a house from for $175,000 did not have a 'special disadvantage' during the transaction. Mr Pitt's daughter subdivided and built two properties on the block, which went on to sell for a total of $765,000. What do people expect from real estate agents? Altruism Philanthropy Criminality, duplicity etc is wired in the blood Still a dog's act. Nice big cheesy smile photo ,before or after this outrageous debacle, from men who sat in judgment that should have been retired long ago
Source: abcnews - 🏆 5. / 83 Read more »