Housing market conditions ended the 2018 calendar year on a weak note, with the rate of decline consistently worsening over the year. (why you have to ask yourself - oh let us see might be because of the banks). National dwelling values were down 2.3% over the December uarter, (well most agents are away around that time) the largest quarter on quarter declince since the December quarter of 2008.
According to the CoreLogic December home value index results, the downturn in Australian housing conditions accelerates through 2018, driven by consistently larger quarter-on-auarter declines in Sydney and Melbourne together with a reprisal in Perth's rate of decline and slowing conditions across the remaining capital cities and most regional markets. The year finished with national dwelling values down 4.8% ranging from an 8.9% fall in Sydney values through to a 9.9% rise in values across regional Tasmania.
(Personally we (Perth) are struggling because the banks are putting us on hold for so long that we cannot get the funds to buy. People are now getting their principle and interest notices now so there will be a lot more property going to hit the market this year and it will be the banks fault that peopl loose so much money. They will have to sell or the bank will foreclose on their mortgages within 6 months or so and I cannot see the market changing much.
MAKE YOUR OWN DECISIONS AND GIVE IT A REAL GO!!
SELLING MOSMAN PARK & THE WESTERN SUBURBS!!
KEEPING IT REAL IS OUR MOTTO!!
No comments:
Post a Comment