House price meltdown fear
02/08/08 07:45 AM
FALLING
house prices have prompted fears of a US-style
meltdown, but economists say prices will remain
stable as long as people keep their jobs.
Australian Property Monitors yesterday predicted house prices would fall 10% in the next year. It said values had fallen in most capital cities in the three months to June 31, with Melbourne down 0.6%.
Rival analyst Residex reported that prices fell in all capital cities in June, with Melbourne houses down 0.39%. Chief executive John Edwards said the country was headed for a "once-in-100-years real estate slump".
Click here for full story
Get yourself pre-approved for a home loan in just 60 seconds using My Home Loan Approvals exclusive software. Be sure to check out the fantastic range of Oasis . Answer that question:- “How much can I borrow” and “What will my repayments be”.
Australian Property Monitors yesterday predicted house prices would fall 10% in the next year. It said values had fallen in most capital cities in the three months to June 31, with Melbourne down 0.6%.
Rival analyst Residex reported that prices fell in all capital cities in June, with Melbourne houses down 0.39%. Chief executive John Edwards said the country was headed for a "once-in-100-years real estate slump".
Click here for full story
Get yourself pre-approved for a home loan in just 60 seconds using My Home Loan Approvals exclusive software. Be sure to check out the fantastic range of Oasis . Answer that question:- “How much can I borrow” and “What will my repayments be”.