House prices will drop 20%. Thats just big enough to cause pain in the economy, but not big enough to cause banks to lose tremendous amounts on defaults.
You would have to be spectacularly silly to sell for much more than a 20% reduction. Inflation will start to increase, after all just where is all that money the government is printing coming from. Then over a period if two years prices will recover albeit at the lower value dollars. The losers will certainly be term deposit holders who have no choice but to accept artificially low interest rates.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$33.90 |
Change
-0.670(1.94%) |
Mkt cap ! $116.0B | |||
| Open | High | Low | Value | Volume |
| $34.70 | $34.85 | $33.90 | $153.5M | 4.497M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8265 | $33.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.92 | 1500 | 1 |
View Market Depth
| Last trade - 16.15pm 27/06/2025 (20 minute delay) ? |
| WBC (ASX) Chart |