Australia's largest stock trading and investment forum Australia's #1 stock forum

Greater fools push house prices to final peak, page-2

First 2 Last

Share
Profile

Follow
Sector

35,472 Posts.

2863

21/04/15

17:14

Post #: 15128457
Share

Originally posted by Menta ↑

NAB’s March quarter survey found 15 per cent of purchases were by FHBs intending to live in the property, but another 10 per cent went to FHB “investors”.

Read more here; https://au.pfinance.yahoo.com/our-e.../first-home-buyers-buying-big-despite-prices/

When the most marginal of borrowers enter the market in record numbers, the 'greater fool' becomes increasingly harder to find. FHBs are now speculating on ever-rising house prices like never before. They're also doing it on highly leveraged LVRs and with a record high percentage of interest-only loans. We're fast running out of greater fools.

Expand

I thought they were priced out of the market?

The only fools have been those waiting for Armageddon for 7 years whilst we've made a motza.
8 Upvote

Reply

Top Stories

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

PRS

Prospech finds dynamite heavy REE grades from historic core in Finland

Trump is President Again: What Does This Mean for Crypto?

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

PR1

Nanocap Pure Resources acquires Reedy Creek garnet project, WA

There are more pages in this discussion • 51 more messages in this thread...

First 2 Last

SPONSORED BY