Aussie home values are about to tumble. We should let them
- realestateprotips
- Jun 14, 2022
- 1 min read
You have probably heard the news that national home values are forecast to fall about 15 per cent over the coming 18 months. That’s the prediction of the economists at the nation’s biggest bank, Commonwealth Bank, anyway.
Sydney and Melbourne are tipped to bear the brunt of price falls. If you’re a home owner, you’d probably greet this news with some degree of trepidation. If you’re an aspiring first-time buyer, excitement, perhaps.
By number, of course, more Australians own their homes (either outright or with a mortgage) so news of falling prices tends to be put in the “bad news” category. But I’d like you to shift your mindset. Falling house prices (at least, of the magnitude tipped) are, in fact, good news.
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