Hi DavidDisagree with most of what you wroteSeveral factors will...

Hi David

Disagree with most of what you wrote

Several factors will effect housing prices.

1. Australia housing is over valued due to lack of supply

Short term only

2. Australia has an aging population which will result in a price fall.

Not true

3. The cost of housing is beyond most average wage earners.

Not true paid my mortgage off in early 30s

4. Lower interest rates will result in retirees selling homes to survive and increase housing supply resulting in a price fall.
Not necessarily true

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.

Not true

7. Renting is cheaper than buying.

Disagree

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.
Thats fantasy

Disagree with most of your points. Having a home is great security. Glad I own it. Everyone wants their own home and that's what drives prices up.

Just remember this thing called immigration. Its going through the roof. This also will drive property up.

Stackey