, and the result of the federal election as contributors to a shift in mood.
But he says Domain's property sales records show that earlier this year the number of housing transactions reached the lowest level in decades.
lol.. NO
...those who controlled the rise have some responsibility in the fall ... anyone ever mention the huge investment from China and the changes in the last few years? And who allowed it?
if what's bottoming out the market is a reluctance of sellers to put their houses on the market for fear of the price then we are at a very dangerous crossroads.
the greatest economic tragedy in Australian history will be the collapse of this faux Ponzi housing cycle driven by easy money, lax lending, artificially low interest rates, greedy state and federal governments in bed with developers and simple GREED; we traded away our future