Several factors will effect housing prices.
1. Australia housing is over valued due to lack of supply
2. Australia has an aging population which will result in a price fall.
3. The cost of housing is beyond most average wage earners.
4. Lower interest rates will result in retirees selling homes to survive and increase housing supply resulting in a price fall.
5. Housing is negative geared by around 3%. The return on investment is actually a cost.
6.GDP, wages and employment is falling and unemployment is rising which will cause a fall in house prices.
7. Renting is cheaper than buying.
8. You can save more by renting than risking everything when buying a home.
Rent for a $700k property in Doncaster Melbourne home is around $26,000
A loan for $700k property is 35k py
plus repairs $3000py
plus insurance $1000py
rates $1200py.
$40k py total to own the house.
$40k vs $26k expenses in a recession.
9 Unemployment will result in forces sales and prices will fall.
10 The banks are buying homes to prevent a housing crash.
Several factors will effect housing prices.1. Australia housing...
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| Open | High | Low | Value | Volume |
| $35.65 | $35.68 | $35.15 | $101.1M | 2.859M |
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| No. | Vol. | Price($) |
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| 2 | 6221 | $35.32 |
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| $35.34 | 28306 | 3 |
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