Business
Property price bulls pushing bears back into hibernation – Sydney Morning Herald
The stimulus provided by the government and the relaxation around loan repayments by the banks kicked the problem down the road and has created an artificial ma…
It assumes these property value headwinds have ostensibly gone. They havent.
The big negatives according to AMP economist Shane Oliver are: “high unemployment and distressed sales as government income and bank support measures wind down; falling rents and high vacancy rates weighing on investors; an 80,000 per annum or so reduction in underlying dwelling demand flowing from the hit to immigration.”
The value of the deferred loans peaked in June but by the end of August still accounted for 9 pe…
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