Update on the supply/demand situation, page-296

Once they start having to sell all prices will get re-adjusted downwards one would think

Property seems to be the last sector to fold...people selling their businesses boats and cars first..I'm amazed prices are still rising in most areas, just shows how reluctant property owners are to sell or to reduce prices

It seems the markets for holiday houses ie towns like byron and noosa are getting belted, a sign that people are selling off luxury assets first...these are the people with the money generally too though funnily enough

Its not just I'm seeing stock levels coming onto the market increasing but they just arent being bought..

Interesting times going forward...few more rates rises will be fascinating to watch how it plays out