Australia's largest stock trading and investment forum Australia's #1 stock forum

Property and Population, page-48

First 48 Last

Share
Profile

Follow
TheGladiator

8,709 Posts.

243

13/06/15

19:16

Post #: 15462239
Share

Originally posted by Steve70 ↑

Not assuming anything..

You can only sell houses in australia at a price that the wages in Australia can afford. That is a fact you cant escape which limits the upper end of house prices.

An increase in interest rates back to normal levels would also push hosue prices down regardless of demand, as your buyers borrowing power will be limited compared to the previous years, which means the offers will be less.

The problem with your logic is you ignore the fact that most people have to pay a mortgage and think people can spend millions on a house even if they only earn thousands.

Expand

When prices were 50k they said they same about prices can't possibly get to 100k. Then 100 to 200 then to 500 then a million.
1 Upvote

Reply

Top Stories

Essential Energy conference: Streamlining approvals key to the green energy transition

HVN

Harvey Norman clocks subdued gains as Echo Law's junk warranty class action kicks off

BPM

BPM Minerals hits high-grade gold at the Claw Project WA; shares jump 86%

EXR

Essential Energy conference: Elixir talks up unlocking QLD's Taroom Trough

88E

HotCopper users smell capital raising as 88 Energy says "significant update" at Phoenix

There are more pages in this discussion • 86 more messages in this thread...

First 48 Last