“We are now calling the peak in the housing cycle, and expect further falls in auction clearance rates and house price momentum, with a negative impact on construction occurring over 2016,” the report said.
I expect to see price pressure in this Saturday record auction.
“We believe recession risks are elevated as regulators attempt a difficult soft landing of the housing market amidst external and income challenges,” the report said.
China has been talking of soft landing for a long time. Well, the brake pad don't seem to work.
Australia has been so depending on China, it will be hard to engineer a soft landing.
The young generation has been sitting on the sideline for so long and their opportunity to own a home may be just a fickle away.
“We are now calling the peak in the housing cycle, and expect...
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