Australia housing bubble

[Citroënbender]

Here we are, a month later… Have the “waiters and watchers” actually moved closer to a purchase?

I’m not feeling optimistic about the first world global economy, longer term. And on a shorter term local scale I believe the belligerence in some parts of our economy will allow them to sustain outgoings while less assertive sectors get bent over.

With real estate in my area, prices seem to have rebounded firmly after a brief dip and the social cachet is appended to arranged viewings, “private treaty” sales, now preferred versus the peasantry of on-site auctions last year. Yes, the closing prices are still down on where previous trajectory would have taken them, but far from a collapse.