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RE: Too Few Buyers to Mop Up Spring Housing Supply Surge - Australia Property Market Update for Week Ending 19 November 2017
Interesting reading. Do you think this more than just the end of the spring listing peak?
Employment is high, interest rates are low. Is the difference the drop in overseas buyers?
I think it's a combination of the additional Spring supply, the challenge for many would-be buyers to service loans at such high prices, and the restrictions from APRA on investors, local and foreign.
I expect low rates to support current prices until a crisis overseas, then rates will rise and things will get interesting. But even if prices remain steady, inflation would destroy the buying power of the last few years' gains.