morgan stanley analyst bearish on housing mark, page-22

Dalek,

Great investment?? If they want to sell and buy a similar property in a similar area of Melbourne then are they really any better off. Sure if you down size or move to a cheaper area then you may have some dollars in your pocket after costs but your in a cheaper area.

These people may think they are better off but are they really. All the houses have gone up, it really is false wealth accumulation unless you sell the house and move into a new asset class. Great returns if you are an investor but problem is that the average Aussie strugles to own one home let alone more than one.

Property prices are going down, only question is by how much....

Retrac