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The Inter-generational Game of Thrones: The Property Imperative Weekly 25 May 2019
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Martin, as to the wise guys comments I think they are 10% correct and you are 90% correct. The prices will bounce back and the auction results but only for a few weeks, it will be a “dead cat bounce”. Many of the investors and property sellers sitting in the background waiting for property to rise, will get excited and all put their properties back on the market. As there is about 1 million vacant propeties around Australia vacant. This will flood the market in a month or so with an enormous amount of property. Thus starting a bigger downturn in prices, the top to bottom loss still being around 40-50%. Lets see, it’s even getting more exciting now, we’ve just reached the top of the roller coaster ride. Will it go down fast or slow, I think fast, like “Mr Toads wild ride”.