Reading the Australian this morning I noted an article about Property.
Apparently the consensus by groups like UBS is property is going to fall a lot further than 10 -14% next year and the year after as interest only loans are forced onto P/I loans increasing monthly payments by at a minimum of 30% and upto 100% more than they are paying now.
Adding to that there are big property developers in Sydney right now heavily discounting their apartment blocks and particularly one that has discounted not yet finished high rise apartments in the city by 25% right now. Things like this will make the ball role faster.
Next year and into 2020 apparently going to be the start to the big correction.
Just posting what I read, I did not wright the article.
