New home sales plunge as Victoria plans stimulus

Discussion in 'Where to Buy' started by Kushanda, 12th Jun, 2020.

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  1. Kushanda

    Kushanda Well-Known Member

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    Kushanda, 12th Jun, 2020
    #1
  2. Peter2013

    Peter2013 Well-Known Member

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    Doesn't sound like Victoria has as much of a problem:

    You hope the government knows what it is doing.

    When the GFC hit America, banks started bulldozing empty homes to reduce the surplus and effectively put some floor under the market.

    In Australia, our government plans to flood an oversupplied market with more supply.
     
    Peter2013, 12th Jun, 2020
    #2