Recent data from property analytics firm Cotality reveals that upper-quartile house prices — those in the top 25 per cent — have fallen at more than double the rate of entry-level ones in Sydney and Melbourne.
Cotality executive research director Tim Lawless told SBS News that the top end of the housing market historically moves first in a property cycle.
Here’s hoping the rest of the market follows.
indeed, another 20% down would be nice
A few more hikes predicted. There could be tears.
It’s currently around 6.9%. With mortgages around $800k, that’s over $1k per week interest (not paying any of the principal off). It’s already insane.
The battlecry of Australia’s different and property only goes up, might cause a lot of hurt. Frustratingly for a lot of people that do not deserve it. This should have been reigned in a decade ago.
I’ve bought my house to live in it. It’s a usury debt trap anyway, who cares if it drops
Oh no. Anyway.
No ones buying overpriced “presrige”. Fuckem
FOMO foolishness will bite the latecomers and Portfolio Princes hard if it’s investment driven, otherwise Keep Calm and Carry On?
