More Australian homeowners offloading properties at loss as interest rate rises take toll, new data shows.
Unit owners particularly vulnerable as profitable national #housing sales sank to 92.3% in the three months to March 2023, according to CoreLogic data. #propertymarket #ausecon #rba

https://www.theguardian.com/australia-news/2023/jun/28/australian-homeowners-offloading-properties-at-loss-data-interest-rate-rises

“Philip Lowe says rebounding property market among reasons for shock RBA rate increase”

Rather than raising #RBA interest rate, why not index #NegativeGearing and it falls with #PropertyMarket rises?

https://www.theguardian.com/australia-news/2023/may/02/philip-lowe-says-rebounding-property-market-among-reasons-for-shock-rba-rate-increase?CMP=Share_iOSApp_Other

Hello everyone!

Ask me anything about #singapore and #property #propertymarket
#:boomer_smile:

The inflation and interest rates and engineered recession are grease on the bottom rungs of the property ladder,.

Over the next couple years we're gonna see many of the new home owners fall off the ladder, and their housing stock get reclaimed by the bigger fish.

#PropertyMarket #InterestRates #Recession

It’s a big decision Shaariq.com know
We know that buying a #property is a big decision for you. Need #market advice? Ready to make a move? But no need to worry. Call Shaariq.com today. And #solve all your property-related problems in a minute.
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https://shaariq.com/

#JimChanos sounded the alarm on the #Chinese #PropertyMarket back in 2017, before reporting on the ghost towns, and certainly before #Evergrande. #China #FinancialCrisis #Bubble https://flip.it/PzWVbq

"“Many street beggars are addicts, yes,” Broomfield added. “Do addicts not deserve food?” (...) Don’t you feel… disgust? A city where luxury flats stand empty and desperate people shiver under railway arches."

they also evict traders from the arches
#homelessnes #crisis #shelter #propertymarket
#torylondon

https://www.newstatesman.com/politics/uk/2018/11/how-london-became-city-where-luxury-flats-sit-empty-and-homeless-shiver-railway

"“Many street beggars are addicts, yes,” Broomfield added. “Do addicts not deserve food?” (...) Don’t you feel… disgust? A city where luxury flats stand empty and desperate people shiver under railway arches."

they also evict traders from the arches
#homelessnes #crisis #shelter #propertymarket
#torylondon

https://www.newstatesman.com/politics/uk/2018/11/how-london-became-city-where-luxury-flats-sit-empty-and-homeless-shiver-railway