Reduced lending, reduced prices.
Australias Property Bubble Bursting
Carson Phillips
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Carson Ross
Lending to investors also down. Reduced prices consequential of both.
Source rba.gov.au
Jackson Ross
Credit impulse continues to decline. Less credit, less mortgage amount, less able to offer for properties, less able to sell properties at, less prices.
Source businessinsider.com.au
Justin Anderson
Credit growth for investors and owner-occupiers continues to decline naturally as less people are approved.
Isaiah Butler
Prices in Sydney and Melbourne continue to fall. Auction clearance rate historically low and likely to fall from the February peak as has been the case almost every year for 20 years.
Matthew Price
February peak has sparked speak of a recovery, an end to the decline, it is highly unlikely as no material factors have changed since now and last year. The end of the Royal Commission did not change any actual thing.
Tyler Perry
Many suburbs previously over $1,000,000 median have already fallen over 20%.
Jaxon Green
Continued falls are expected.
Nolan Rodriguez
Blue chip areas in Sydney fell 10% or more last year.
Leo Bennett
Yield? What yield? Vacancy rates due to an oversupply of apartments in Sydney keep a cap on rentals and apply downward pressure as renters have much more options.
>No capital gains
>No yield
>????????????
>Profit