so you are saying you think we will have 30% falls in the next year?
I can show you a number of areas where prices have dropped over 30% That does not mean that all areas will drop 30% but some will drop more
I can't remember the exact figures but there was a property sold in Qld recently at about 2.4 mill bought 2 years ago 7 mill. That is more than 30%
On the renting bit I can remember when I was young everyone except the dead beats were all taught to work for the future, save for a rainy day, unless you own a house you are a nobody.
Talk to today's younger people and they live for today with holidays, new toys, bikes boats etc, they have no wish to penalize themselves today when they can have greater enjoyment.
When we had a good and forward thinking Premier in Qld you could get a Government loan for almost nothing to buy your first home, but now you get a grant which is a miserable fraction of the total cost of a new home and the government takes about half the cost of every new home in various taxes and charges and red tape.
