ARE PROPERTY PRICES LIKELY TO CRASH IN AUSTRALIA?
I can’t see that on the horizon – in fact I’ve outlined seven good reasons why our property markets won’t crash any time soon in detail in a blog here
In summary they are:
Our robust population growth Australia Economy Concept
A healthy economy
A sound banking system
Rising business confidence
Consumer confidence has been rising
A healthy level of household debt.
A culture of home ownership with two thirds of properties owned by home owners and around 50% of these homes don’t have a mortgage against them. This significant level of owner occupiers who would rather eat dog food than give up their homes will underpin our property markets.