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Property market falls tipped to dwarf 90s recession

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Sydney's property downturn is set to eclipse that of the early 1990s recession – and it's likely to claim that record before Christmas | Jess_Irvine

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Jess_Irvine In the past 1975-1995 or so the median property price increase was about 7% over 15 years. (from memory of Real Estate institute data circa 1995). Since many properties have doubled and doubled again in 20 years or less. Thank John Howard & Peter Costello for dire situation.

Jess_Irvine The property boom was driven by the banks lending recklessly leading to high levels of speculation. I feel sorry for those who will be ultimately hurt financially in years to come while the banks continue continue to profit from the market distortion they created.

Jess_Irvine Qld prices are still holding strong. Come invest in Queensland

Jess_Irvine Sydney House Price growth has been up to 113% in 10 Years, so more like a realistic correction of where it should be.

Jess_Irvine What goes up must come down!

Jess_Irvine Bill Shorten Labor policy will drive Home values DOWN & rents UP, Core-Logic report

Jess_Irvine Warning,One of the wise men said to me ! take care of the Chinese, they are aspiring in Australia, England and America have to take protection measures Australia , It's serious

Jess_Irvine You'll never read about this in NZ news media. All property 'reporting' is intensive pro-speculation PR. The signs have been writ large for some time, everyone's trying to milk the last drops.

Jess_Irvine Thank the libs and APRA they done this

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Weakest property market since 2008: Sydney, Melbourne house prices tumbleAustralian house prices have recorded their largest drop since the height of the GFC, with Sydney and Melbourne leading the way down. This is what happened when you make it difficult for the wealthy Chinese to buy. Excellent! Liberal Parties Fault?
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