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Nah, I dont reckon. It’s harsh, but the majority of the pandemic redundant workers are not or were not likely to be home owners. They work in retail and hospitality so I dont reckon that it will have much impact at all. The figures might move a few % here and there in a few sectors like tourism areas butnot noticable.I'm moving back towards a position of a significant fall in house prices, actually.
I know the responsible lending laws are eased in March but change in credit growth continues to be negative (down to 2.2%, now) and that's a horrible sign.
Plus we have the end of insolvent trading and the end of rent moratoriums in the end of December, and loan holidays and JS/JK ending in March.
Come June/July these things will have kicked in and things will not be rosy. I'm now sitting somewhere around a 10% fall in 2021.
Watch for an upswing in the SMSF sector now that the investment lending screws have been eased. I’ll prolly buy another.