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Furpo2

9,710 Posts.

33

20/01/20

10:50

Post #: 42468207
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Originally posted by avagadro: ↑

Everyone knows the real estate market is bust and it will be an emotionally difficult time for those heavily invested in it (they are likely to lash out and attack etc) but all asset classes go through boom and busts. Real estate hasn't had a bust in Oz since the 80'sso it is overdue.

Given economic data is so bad and the natural disaster recovery will need to be funded, I expect a lot of sellers will be using this final opportunity to get out while the going is good and just stick with the PPR. No point riding an asset down into negative equity but the emotional effort it takes to sell while the going is good is so hard - whcih is why baghholding happens

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Market not bust in Victoria.
Prices and demand rising after lull.
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