An analysis of interest rates, the economy, a handful of economists, a randomiser, and the artist formerly known as Prince.
Wednesday, June 30, 2010
Stagnating House Prices
The price of something rises 0.5% in a single month, and this is thought to be stagnant? Is it possible that our expectations for house prices are now such that anything less than double figures p.a. is disappointing?
I suppose when you have so many negatively geared investors in the market, making large income losses from holding property, any capital appreciation below 6% is viewed as a loss maker.
I suppose when you have so many negatively geared investors in the market, making large income losses from holding property, any capital appreciation below 6% is viewed as a loss maker.
ReplyDeleteIndeed yes - surely it's time for another First Home Owners Grant, or better yet, an Established Home Vendors Grant.
ReplyDeleteI still think the Chinese have the right idea (see my post of May 4).