There will be many benefits to Australia’s upcoming propadee crash:
- fewer tents popping up around the country
- improved rates of family formation
- better affordability for upgraders and first home buyers alike, ie the majority of buyers
- many RE agents and propadee course grifters return to their natural habitat of asking if you’d like fries with that
- many recent migrants in deep negative equity leave our shores
- Albo gets voted out
This is to name but a few
Don’t be such a pessimist and sad sack about the upcoming crash, you should be embracing the many societal benefits this will bring 👍👍
-20% drop in 4yrs. With the effect of budget changes yet to reflect prices. Ouch. Add in stamp duty, mortgage costs, any Reno's and inflation. Term deposits smashes Sydney property