Online readers split over whether falling prices are good news
3 Nov 1 9:52 AM · 12d ago · 5 comments · 1 source · development 3 of 4
Reddit discussion of the reporting split between posters welcoming cheaper housing, others reporting discounted sales and slower-moving listings in their own buildings, and some disputing which segments of the market are actually falling.
“My apartment has fallen from a peak of $858,000 down to $691,000. Good. Almost a million dollars for an older six pack in inner Brisbane is utterly cooked.”
u/fluffy_101994Gerard Burg Cotality head of researchTim Lawless Cotality research directorPeter Esho Economist, CEO of 13xReserve Bank of Australia Central bank
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What people said 5 voices · verbatim
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Did you buy a house to live in - or to make a quick buck? Unless you intended to sell in the next couple of years, why is this a problem? The value is just numbers on a piece of paper and pales compared to the security of a home (and no unexpected rent rises). If you’re struggling with repayments, that’s another story. But for the past couple of…
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Definitely seeing the signs around my area. Unit in my building ended up dropping her sales price twice in the end, sold it for $80k less I think. There are another 4 units on my street for sale, usually by now they would have been snapped up before the sign had barely been hammered in but now they’re sitting for ages. Three of them are actually…
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The crazy thing is, looking at units in Sydney I see very little difference in price. It is feels like the drops are happening at the mid to higher end of the market. The 2 bed flats in the inner west don't seem to have moved much in price.
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“ Inquiries at some open homes down 300 per cent” lol at the real estate agent maths but then double lol at the abc using it as a sub heading.
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You bought a dog box, so yeah. Meanwhile my house on a quarter acre has gone up.
All 4 developments of Australian home prices post steepest fall in 40 years… →
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