the doom & gloom on property prices is overdone IMO
the price of a property in Australia can only fall as far as the replacement cost of that asset......and if you look at any cost input (land, building material, labour etc) it would be a double digit % higher than even 2 yrs ago.....yes perhaps margins 2 yrs ago were very healthy, but in an economy like australia's where competition for any of those inputs is poor, you are unlikely to be able to build a basic house in a decent size city for 30% less than the current price of homes
the price IMO can only fall so much
REA Price at posting:
$110.99 Sentiment: Hold Disclosure: Held
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