To me getting the data, showed me some unfortunate people /or investors, have bought a property, and now for unknown reasons need to sell. They are ripping up money..its sad to see.especially if its a home for someone. Thee places are at the low end of afffordability and if its starting to show up on these properties, after only a few years ownership...how will the higher priced properties fare? as i have said before we are at the beginning of a negative sentiment economy..as people get negative, they clam up, dont spend, try to save, which in itself is good, but actually harms the economy...so people stop spending, jobs get lost and then mortgages cant be paid.... UK and US have been through and are still going through it...look at the affordability graphs..australia is way out of kilter with the rest of the world..we are just catching up to them. then the snowball of selling gets bigger and faster, so makes the whole situation worse...same as margin selling on shares, forces prices down, that triggers more margin selling...
