FULL INTERVIEW: Managing Director of Market Economics, Stephen Koukoulas, has shed light on the recent sharp fall in housing finance, which has sparked fears Australia is yet to hit the bottom of the property market downturn.
Mr Koukoulas says both investors and property occupiers are 'shying away' from the housing market, triggering another two per cent decline in housing finance commitments. Despite the decline, Mr Koukoulas says there is a 'hint' that lower property prices are 'attracting first home buyers', who have otherwise been 'frozen out of the property market' for over a decade.
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TheKouk Someone with credibility enlighten me as to how the housing market will a) stop falling, and b) go back up.
TheKouk ‘Sparked fears that Australia has yet to hit the bottom’ ? There is zero evidence that there is even a hint of property prices recovering. That implies denial by the consensus. This is going to get ugly
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Source: SkyNewsAust - 🏆 7. / 78 Read more »