More rate cuts needed before it's a sellers market

Discussion in 'Property Market Economics' started by Jacque, 15th Sep, 2008.

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  1. Jacque

    Jacque Jacque Parker Premium Member

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    Jacque, 15th Sep, 2008
    #1
  2. BillV

    BillV Well-Known Member

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    Jacque

    I agree, we have a long way to go.

    I did some rough calcs and even with a 20% deposit and FHOG at current interest rate levels the difference between paying rent and owning a property is still big.

    IMO in order to see a significant change we will need interest rates to drop and wages to go up and this will take some time.

    Hopefully the RBA will continue dropping interest rates.

    Cheers
     
    BillV, 17th Sep, 2008
    #2
  3. Enough Tax

    Enough Tax Member

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    Hi

    IMO in order to see a significant change we will need interest rates to drop and wages to go up and this will take some time.

    Or prices to fall
     
    Enough Tax, 17th Sep, 2008
    #3
  4. Mark Laszczuk

    Mark Laszczuk Well-Known Member

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    Mark Laszczuk, 18th Sep, 2008
    #4