double economy with plenty of growth I believe its supply and demand. But Yes housing is over priced at the moment and has taken a fall. I believe the only fall is of that of a person in the selling market. Someone who is desperate to sell will run at a loss. Regardless
i think a lot of people have purchased bricks and moarter and-its a solid investment high urban sprawl area. The most effected people are those who are on "interest only payments"
Im not saying your completely incorrect with the fluctuation but with the growth in this state long term real estate is a major part of accumulated assets.
Stayed with a mate who is a mortgage broker in Southport last week. Told me that 17% of Australian mortgages are worth more than the property and the figure is a lot higher in Northern Queensland.
His business is pretty slow.
I love the way peter33 you are prepared to take this ****e at face value without question
Supply/demand/population/migration/employment= NO to the silly bollox on sunrise
Some clown comes and say's this every couple of years on these shows, like ACA the revolving door of missinformed "i wanna be on the TV and i will say anything to do it" fools
How the hell would it happen now when the worst of GFC is over for us anyway, if it was going to drop that much it would have happened already(in some over inflated areas it has, moderate losses), lighten up mate go watch some comedy.......oh you all ready did
Jesus i hope i am right, who knows, sod it i am back on the fence again
