Today's City Auctions: A$110,000 Below 2017 Valuation, No Bidders!
11th May 2019: House Prices/Values/Equity Continue To Tank! Melbourne, Nationally.Today's City Auctions-e.g.: Brunswick, Melbourne. Offer A$110,000 Below 2017 Valuation ($930,00), No Bidders! What Next?
Guts Ripped Out Of Home Mortgage Market. Massive concern for owners with negative equity; banks with declining balance sheet asset values; zero wage growth, negative net savings, economy now in zero core inflation & GDP growth verging on negative for 2 Qtrs straight.As I predicted in August 2018, a 2019 Economic Recession More Certain Every Day.
IMO, Worst Recession In Australia's History. Long, Deep, Savage.Australia will see 2.5 million householders suffering bank foreclosures. Result: 6.25 million people turfed out on streets!
We'll be there for X'Mass. Great Stuff-Up.
Even Greater Tragedy, for both Morrison & Shorten have evaded this critical issue, neither presented any viable solutions!
