Property prices falling earlier than expected

Discussion in 'Property Market Economics' started by MTR, 25th Apr, 2022.

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  1. MTR

    MTR Well-Known Member

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    The mantra was housing markets in Syd and Melb would only fall once interest rates were lifted.

    But its already happening… why?

    I think market sentiment is changing and now fear is setting in.
    … and affordability, this old chestnut

    Why are property prices falling sooner than expected?
     
    MTR, 25th Apr, 2022
    #1
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  2. sash

    sash Well-Known Member

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    Spot on article.

    Perth and Darwin are the ones which will party along till 2025-2026. Possibly also Townsville/Cairns/North Qld
     
    sash, 25th Apr, 2022
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  3. Dmash

    Dmash Well-Known Member

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    All markets base pricing off future value. Right now markets are thinking that properties in future won’t be priced as high as they were last year. Hence the lower prices
     
    Dmash, 25th Apr, 2022
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  4. datto

    datto Well-Known Member

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    Not in Mt Druitt. That legend suburb lives on!
     
    datto, 25th Apr, 2022
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  5. twobobsworth

    twobobsworth Well-Known Member

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    Future labor government
     
    twobobsworth, 25th Apr, 2022
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  6. tk421

    tk421 Well-Known Member

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    if drama in China follows through whole country could be in for a ride, it is down 5% today.. US equities down big time, ASX is next, then they want to raise rates?.. could be some big punches coming for those riding the wave
     
    tk421, 25th Apr, 2022
    #6
  7. MTR

    MTR Well-Known Member

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    Sure bet to kill property
     
    MTR, 25th Apr, 2022
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  8. Harry Marcus

    Harry Marcus Well-Known Member

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    Why?
     
    Harry Marcus, 25th Apr, 2022
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  9. Shogun

    Shogun Well-Known Member

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    .

    Albo loves investment properties.
     
    Shogun, 25th Apr, 2022
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  10. Dmash

    Dmash Well-Known Member

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    Their policies are largely the same as liberal, they just don’t have a smug buffoon for a leader. Lower prices would be good for the younger generations though, it’s all a bit depressing seeing *******es 2hr from the city selling for $2m
     
    Dmash, 25th Apr, 2022
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  11. Silverson

    Silverson Well-Known Member

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    Drops are hardly noticeable in the markets I’m looking at/in. Prices may not be going for new highs each week however there is nothing to really get excited about at the moment in my opinion.
     
    Silverson, 25th Apr, 2022
    #11
  12. Sackie

    Sackie Well-Known Member

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    This is something I'm seeing more and more.

    Corelogic reporting minuscule overall drops in Sydney so far. Markets seem to be softening from their absolute peaks but softening to a level which is still nothing to smile about for buyers.

    In 3 to 6 months sure buyers may have a small smile. But no smiling from ear to ear, yet.
     
    Sackie, 25th Apr, 2022
    #12
  13. MTR

    MTR Well-Known Member

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    MTR, 3rd May, 2022
    #13
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  14. See Change

    See Change Well-Known Member

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    Interesting that it’s the top quartile that’s going down while the bottom quartile has still gone up

    cliff
     
    See Change, 3rd May, 2022
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  15. Gen-Y

    Gen-Y Well-Known Member

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    'Back to KFC' for a lot of real estate agents

    When I read that line on the article, I couldn't help but LOL.
     
    Gen-Y, 3rd May, 2022
    #15
  16. MTR

    MTR Well-Known Member

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    Yes but lots of ongoing negative media reports changes mindset and market sentiment goes from positive to negative. This is what we are now seeing.

    Reverse of hyped media reports where prices are skyrocketing causing a stampede…. FOMO
     
    MTR, 3rd May, 2022
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  17. Gen-Y

    Gen-Y Well-Known Member

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    Either direction it needs to generate sales traffic.
    List List List
     
    Gen-Y, 3rd May, 2022
    #17
  18. MTR

    MTR Well-Known Member

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    Yes
    Be prepared for many more negative articles on property. Wait for the interest rate rise, this will be whopper
     
    MTR, 3rd May, 2022
    #18
  19. Gen-Y

    Gen-Y Well-Known Member

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    Panic station - SELL SELL SELL all around Australia.
     
    Gen-Y, 3rd May, 2022
    #19
  20. djyella

    djyella Well-Known Member

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    Interesting day, what will the RBA do?
     
    djyella, 3rd May, 2022
    #20
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