Residential property is in hot demand due to high immigration and demand from adults still living at home. They are all waiting for a minor correction to buy if there is one. If there is a correction I don’t think it would be sever as a lot of ppl is waiting to buy. In the mean time they just have to pay higher than normal rental costs. It’s a double edge sword really, if there is an IR cut then every wins.
US is a bit different as atm they have over 18million vacant houses.
what are we in store for this week...., page-7
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Last
$4.64 |
Change
0.050(1.09%) |
Mkt cap ! $8.888B | |||
| Open | High | Low | Value | Volume |
| $4.60 | $4.65 | $4.59 | $20.32M | 4.393M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3070 | $4.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.64 | 31991 | 3 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| GPT (ASX) Chart |