Housing typically moves in 14 year cycles and usually 12 up and two down.
GFC lows were the bottom of that cycle and presented a buying opportunity.
In another 14 years housing prices will exceed present prices but the unprecedented fiscal stimulus during Covid has given an artificial element to current pricing and whereas even six months ago you had to bid six figure sums above asking price to secure a property typically now vendors are accepting bids below ask, which is a sign market has peaked and is rolling over
I have friends in the Marine industry who had order books for two years in advance and that has now reduced to six months.
i don't think people realise how devastating AI is going to be to employment and you are now seeing more properties being offered for sale and vendors chasing the market lower, which in itself is a self fulfilling prophecy..
- Forums
- ASX - By Stock
- ZIP
- I told you good time to buy
I told you good time to buy, page-4836
-
-
- There are more pages in this discussion • 757 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ZIP (ASX) to my watchlist
|
|||||
Last
$2.40 |
Change
0.120(5.26%) |
Mkt cap ! $3.114B |
Open | High | Low | Value | Volume |
$2.35 | $2.43 | $2.25 | $56.09M | 23.76M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | $2.38 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.40 | 231123 | 22 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 2.380 |
5 | 56213 | 2.370 |
3 | 50124 | 2.360 |
11 | 560551 | 2.350 |
8 | 217579 | 2.340 |
Price($) | Vol. | No. |
---|---|---|
2.400 | 179938 | 19 |
2.410 | 692799 | 12 |
2.420 | 399715 | 18 |
2.430 | 361967 | 18 |
2.440 | 274513 | 9 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
ZIP (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online