Amount of sales going up coupled with prices going down means people cannot afford to keep their houses.I keep looking at that graph and realising what a great asset RE really is .
They are selling out, and holding costs are still increasing.
Most buyers of the last few years are just increasing their losses.
All this with $80,000,000,000 of stimulus and low interest rates.
I've always said let the market decide whether I'm a buyer holder or seller.Must be free standing house on own title
Must be within 10km of Bris/Syd/Melb or 5km of Adel/Per
Must be in a median or higher suburb on a socioeconomic scale
Must be cashflow positive at current interest rates
Must be cashflow positive at 9% (my view on long term interest rates)