After another discussion with hubby, with him saying we should now diversify into shares as we would be stuffed if property prices crashed. It got me thinking back to the old question.
What would happen if Australian property prices did crash? Specifically to rent prices?
I had an unsuccessful google and forum search. Obviously it would depend on the cause, the current interest rates, and the like.
I think people will always need a place to live. Even if both property prices and rent went down due to a shocking economy, I imagine that share prices would fare a lot worse. If it was due to a "bubble", I guess it depends on when you bought, as to how you would fair. Anyway rambling
Would love to hear peoples thoughts, experiences and the like.
What would happen if Australian property prices did crash? Specifically to rent prices?
I had an unsuccessful google and forum search. Obviously it would depend on the cause, the current interest rates, and the like.
I think people will always need a place to live. Even if both property prices and rent went down due to a shocking economy, I imagine that share prices would fare a lot worse. If it was due to a "bubble", I guess it depends on when you bought, as to how you would fair. Anyway rambling
Would love to hear peoples thoughts, experiences and the like.