Recent data from property analytics firm Cotality reveals that upper-quartile house prices — those in the top 25 per cent — have fallen at more than double the rate of entry-level ones in Sydney and Melbourne.
Recent data from property analytics firm Cotality reveals that upper-quartile house prices — those in the top 25 per cent — have fallen at more than double the rate of entry-level ones in Sydney and Melbourne.
9 Comments
Nath@aussie.zone · 9 pts · 10d
Here's hoping the rest of the market follows.
hanrahan@slrpnk.net · 4 pts · 10d
indeed, another 20% down would be nice
Cherry@piefed.social · 2 pts · 10d
A few more hikes predicted. There could be tears.
Nath@aussie.zone · 2 pts · 10d
It's currently around 6.9%. With mortgages around $800k, that's over $1k per week interest (not paying any of the principal off). It's already insane.
Cherry@piefed.social · 3 pts · 10d
The battlecry of Australia's different and property only goes up, might cause a lot of hurt. Frustratingly for a lot of people that do not deserve it. This should have been reigned in a decade ago.
dillekant@slrpnk.net · 5 pts · 10d
Oh no. Anyway.
taygaloocat@leminal.space · 5 pts · 10d
I've bought my house to live in it. It's a usury debt trap anyway, who cares if it drops
Taleya@aussie.zone · 3 pts · 10d
No ones buying overpriced "presrige". Fuckem
MrFlibble4747@sh.itjust.works · 1 pts · 10d
FOMO foolishness will bite the latecomers and Portfolio Princes hard if it's investment driven, otherwise Keep Calm and Carry On?