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With a growing number of forced sales, at what point do...

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04/08/22

08:50

Post #: 62912980
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Originally posted by pints: ↑

‘Worse before it gets better’: Sydney, Melbourne house price plunge likely to accelerate
ByDominic Powell
August 3, 2022 — 5.15am
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Housing prices in some of Melbourne and Sydney’s most affluent suburbs have dropped almost 10 per cent in the past three months, with economists predicting the falls could accelerate as interest rates continue to rise.
Data out this week from property analytics firm CoreLogic show a plunge in valuations in Australia’s largest capital cities, with dwelling prices through July falling 2.2 per cent in Sydney and 1.5 per cent in Melbourne.

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With a growing number of forced sales, at what point do investors cut their loses or lock in profits as the value of their asset continues to fall?

Price discounting on the rise as more distressed homeowners forced to sell

An increasing number of cash-strapped homeowners are being forced to list their properties at reduced prices in order to secure a quick sale..

https://www.realestate.com.au/news/price-discounting-on-the-rise-as-more-distressed-homeowners-forced-to-sell/
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