New research by RP data suggests that Australian property prices today are roughly where they were five years ago. This is an indication of a clear improvement in home affordability.
See full article at
http://www.realestatereview.com.au/australian-home-prices-at-2006-levels/
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Basically, there are two schools of thought when it comes to investing in Aussie property.
ReplyDeleteOn one side, you’ve got a very vocal group of property spruikers – they believe things are pretty much okay
and house prices are supported by population growth, low interest rates and a so-called chronic housing
shortage.
On the other is a smaller group of housing sceptics – they think Aussie property is in a bubble that’s been
fuelled by easy credit and stimulus (low interest rates and first-home buyers’ incentives) – and as the stimulus
gets wound back the bubble will burst, sending property prices tumbling.