OSI
As usual the units, townhouses are leading the way. Here is Qld you can now get a good 3 bdrm unit apartment for about 250k and nearly all the units are coming down in price in major regional centres.
I think the problem is that property sprukers are telling people that RBA rates are going to stay low.
The biggest problem they have is the banks will raise rates for mortgages without the RBA. As rates rise in the US it will affect the BBSW which will raise the banks lending costs and then they well raise rates, depending on how fast they raise rates will govern how fast property will fall.
A lot of people just think its impossible for real estate to go backwards and rates to rise.
It wasnt long ago there were sprukers on here saying property prices wont fall at all and will keep rising, as if anything but debt can keep going up.
