That's old news (July)... Try this new one, the Chinese are...

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10/12/19

14:16

Post #: 41890741
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Originally posted by Crom Valen ↑

The AAP reported on 1 July 2019 -

Since peaking in 2017, Sydney’s top quartile values are down 17.1% and Melbourne’s top quartile is down 15.8%, with both cities recording much larger falls across the top quartile relative to the broader market.

Median house prices may get to $2 Million and a can of beer $25, but wages are not growing at anywhere near that rate. That is a problem I'm yet to see an answer for.....expect the inevitable answer of ' even more debt and even lower interest rates'.

Jul 11, 2019 -
The mean household debt has increased by 79% in real terms since 2003-04. By comparison, the mean asset value increased by 51% and gross income increased by 38%.
In 2015-16, around three quarters (74%) of households held debt, and the average household debt of all households was $168,600.

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That's old news (July)...

Try this new one, the Chinese are buying again... they will make you renters for life, that's the reason why, poor dad goldbugs should not glorify them too much.

CoreLogic: Melbourne property values could reach new heights by January

Forget the downturn — Melbourne’s property values could reach record heights as early as January, with strong spring results promising good times ahead for vendors in 2020.

https://www.news.com.au/finance/rea...y/news-story/eac876ce888c483f8f1a80dbaa7de3eb
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0 Great analysis

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