News   Aug 23, 2019
 368     0 
News   Aug 23, 2019
 1K     1 
News   Aug 23, 2019
 564     0 

This is What's Killing Australia's Property Boom

TheKingEast

Senior Member
Member Bio
Joined
Feb 16, 2011
Messages
5,251
Reaction score
2,485
We will see I guess. It seems like they were a little late to the party as far as trying to cool down the market. Our government has been doing that for years.
 

Admiral Beez

Senior Member
Member Bio
Joined
Apr 28, 2007
Messages
7,100
Reaction score
1,450
No we are not. Even if housing prices dropped by 25% many home owners in Toronto would bought five years ago would still be above water. Housing outside the 416 will decline, but IMO Toronto is fine. And a price drop only negatively impacts those who want to sell. First time buyers are happy, and folks like me who bought in the 1990s and will never move don't care either way.
 
Top