Housing Markets Vomit Fear Into Year’s End!

How quickly sentiment can turn as Australian’s favourite sport, housing, turns sour into the end of the year. Instead of more rate cuts next year, the promise of which had pulled prospective purchasers forward to buy, is being replaced by significant gloom. The signs were always there of course, despite the spin from Government, as affordability is still horrid for many, despite banks offering longer bigger mortgages at higher income multiples, demand stoked by high inward migration and property investors still fooled by the prospect of returns, which for many never come. Overlay the massive push from Government in terms […]