Property in
Many
experts have therefore predicted that it can only be a matter of time before
the Australian property market crashes. However,
thanks to strict lending practices and comfortable affordability, a leading
financial journalist believes that property in
Property in
John Beveridge, writing in the Herald Sun, says that ââ¬Ëby now Australians are totally accustomed to visiting gurus telling us our houses are about to crash in value.ââ¬â¢ The journalist refers to Harry Dent, an American economic forecaster who believes that the world is about to undergo a second crisis and this time Australian property prices will be taken ââ¬Ëall the way back to where they were a decade or more ago.ââ¬â¢
However, Beveridge gives various
reasons why he believes that a property crash in
Firstly,
lending practices in
In addition, Beveridge points to the ââ¬Ëhigher
quality of
Property in
The
journalist also believes that the affordability of home loans in
Beveridge says: ââ¬ÅAbout three-quarters of our household debt is held by the top 40 per cent of income earners with substantial assets. Australians are also commonly ahead on their mortgage payments and have built up savings in recent years as a bulwark against adverse economic events.ââ¬Â
Are you looking to buy property in Australia ? Melbourne , Reedy Creek , Western Australia , Perth , Manly
Are you looking to rent property in Australia ? Surfers Paradise , Byron Bay , Margaret River , Cowes , Dunsborough
Author
Nick Marr
I am an internet entrepreneur with a passion for driving big audiences and a love for real estate. I have had plenty of ups and downs which has given me the experience to help others launch their own businesses. I enjoy projects that save consumers time and money, challenge convention and add real value to peoples lives.