Property prices - bear.
I own a property in Sydney.
Do not under-estimate the love affair that people still have with property. It never ceases to amaze me. Yesterday, I was speaking with a neighbour who is itching to buy a property, he said prices have dropped (inference that they are now a bargin) and his way of thinking was they will snap back pretty quickly.
I know quite a few people trying to sell now and they all have the same story - no bids at all. Their question was 'What do we do, drop the price?'.
I know some people who have bought and are capitalising part of the interest. They approach was to sell (to a greater fool as the theory goes) some time in the future.
There is a lot of talk about the rental crisis, however there are heaps of single people in 3-4 bedroom homes.
The gap between renting and paying off a home loan is too big. My best guess is that rents will rise and Sydney property prices will fall. This fall will be over a longer time period than everyone expects.
- Forums
- ASX - By Stock
- ASX
- polling for housing bulls or bears
polling for housing bulls or bears, page-15
-
- There are more pages in this discussion • 7 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 ASX (ASX) to my watchlist
|
|||||
Last
$61.94 |
Change
-1.040(1.65%) |
Mkt cap ! $12.00B |
Open | High | Low | Value | Volume |
$62.78 | $62.97 | $61.94 | $17.45M | 280.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1576 | $61.91 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$61.99 | 33 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1576 | 61.910 |
1 | 45 | 61.880 |
3 | 1932 | 61.860 |
1 | 121 | 61.850 |
2 | 1546 | 61.800 |
Price($) | Vol. | No. |
---|---|---|
61.990 | 33 | 1 |
62.000 | 42 | 1 |
62.100 | 811 | 1 |
62.170 | 1421 | 1 |
62.210 | 356 | 2 |
Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
Featured News
ASX (ASX) Chart |
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online