Residential property is in hot demand due to high immigration and demand from adults still living at home. They are all waiting for a minor correction to buy if there is one. If there is a correction I don’t think it would be sever as a lot of ppl is waiting to buy. In the mean time they just have to pay higher than normal rental costs. It’s a double edge sword really, if there is an IR cut then every wins.
US is a bit different as atm they have over 18million vacant houses.
what are we in store for this week...., page-7
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| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 756 | $5.32 |
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| Price($) | Vol. | No. |
|---|---|---|
| $4.06 | 10 | 1 |
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