Soon, thousands of new apartments will be completed in Australia's biggest cities. Will it cause a house price crash?
The Reserve Bank is watching closely. The number of apartments coming on line in Sydney, Melbourne and Brisbane is huge.
As this next graph shows, the number of apartments to be finished in the next two years is likely to make an big splash in inner Melbourne and inner Brisbane.
"If foreign capital turns out to be patient, any wobble in the housing market might be short-lived. A new wave of offshore money could come in and soak up any excess supply, preventing prices from falling. In the Titanic analogy, it's like another ship dropping off more passengers on the deck.
Given the negative economic effects of a big house price crash, Australian government policy is likely to encourage foreign investment to prop up prices if the market looks too fragile.
In that scenario, the big cool-off in housing prices younger generations are looking forward to might never even get going."
So If I just read the first and last few paragraphs, the author is bascally saying" the market could crash, but don't quote me on it becoz on the other hand I could be completely worng" :) 作者: winny 时间: 2016-10-30 21:58:32
