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For sure in Sydney and Melbourne but to a far lesser extent...

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sierra

11,154 Posts.

24/04/20

10:37

Post #: 44229489
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Originally posted by bikemad: ↑

Property prices are way over valued fueled by government incentives, low interest rates and the real estate body/serial liars.

IMO Property prices can fall 50-60% or more within the next 12 months. Before you scoff and dismiss that as unrealistic, just remember the oil futures price went to negative US$37 two days ago. If anyone said 3 months ago that could happen, most people would have said they were mad.

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For sure in Sydney and Melbourne but to a far lesser extent elsewhere where land prices are more realistic.
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