Now Home Prices Are Sliding, Who Takes The Fall?

Let’s face it, the oft quoted Australian Property Prices only go up was always a lie, but the religious belief that prices double every seven to ten years is now in pieces, as more data shows momentum building towards a significant correction. The latest from Cotality’s dwelling values index shows we are building towards a significant correction, across the 5-capital cities aggregate index, although there are significant variations across cities and property types. My point is that prices were already turning lower, thanks to the higher interest rates imposed by the RBA, who is chasing stubbornly higher inflation driven by high […]