If i had to throw a dart i'd say property will track sideways for the rest of the year. It may come off slightly during winter but then you get a boost from the 'vitamin d' buyers who forget who they really are in spring and summer and buy up more than they can afford because the sun is out. 5% either way to put a figure on it.
As Pwinnie says confidence is still very high, as it should be when everyone's making a motza.
Two more Interest rate rises this year. And the full effect that Interest rates SHOULD have will kick in.
No false recession, No false emergency rates, No government intervention and No grants.
Just reality. The reality is the banks will want there money back. Say goodbye to the recent trend of ordinary working people people treating real estate like its the sharemarket.
