Australian property prices fall as home owners become more pessimistic

Discussion in 'Australia Property' started by Nicholas Wallwork, Oct 7, 2011.

  1. Nicholas Wallwork

    Nicholas Wallwork Editor-in-Chief Staff Member Premium Member

    The price of residential property in Australia fell for a second consecutive quarter and are expected to continue to decline as housing affordability becomes more of a factor for buyers. Australian home owners are increasingly pessimistic about the real estate market as rising unemployment and constrained sales dampen growth expectations, according to the latest Quarterly [...]

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  2. Investment Guru

    Investment Guru New Member

    I have read blogs regarding or making this drop move to our advantage. It says that it is a good time to move to a larger house as prices for such a house will be lower. Those planning to make a move like this will benefit from this drop.
     
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