vmt - interest rates and affordability tests likely to tighten

prices may dip in the short term, but fundamentally we don't build enough houses so demand will always outstrip supply over time.

Let's put it this way - even if (and especially if) prices fall, it will not get easier to buy a house. There will be a short window of opportunity to negotiate the price down but don't lose the mortgage offer.

This assumes it's buying a home, If an investment, wait out as there are better returns elsewhere.

Posted By: CWC on June 24th 2016 at 05:39:19

Message Thread

What does this mean for house prices? (General Chat) - SCC 28, Jun 24, 05:23:31
- No SCC , this country still has far too few houses - I am building one and have no worries (n/m) (General Chat) - Men without hats, Jun 24, 06:48:50
- I'm right in the middle of a sale and purchase of a new house (General Chat) - lurd, Jun 24, 05:45:46
  - Yeah was thinking of you as remembered you saying (General Chat) - SCC 28, Jun 24, 05:51:47
    - Yep. (n/m) (General Chat) - lurd, Jun 24, 05:54:15
- I'd sign up asap if you had the loan rate confirmed in writing right now (General Chat) - Worzel Scrimmage, Jun 24, 05:33:24
  - Might have to hold fire for a bit (General Chat) - SCC 28, Jun 24, 05:54:33
    - on the plus side... (General Chat) - CWC, Jun 24, 06:04:40
      - Hmmm not really clued up on investments! (n/m) (General Chat) - SCC 28, Jun 24, 06:07:48
  - vmt - interest rates and affordability tests likely to tighten (General Chat) - CWC, Jun 24, 05:39:19
    - Thanks it's only an offer in principle so nothing agreed (General Chat) - SCC 28, Jun 24, 05:49:37
- Difficult to know what will happen (n/m) (General Chat) - earlydoors, Jun 24, 05:25:51
  - Yep seems to be the concensus (General Chat) - SCC 28, Jun 24, 05:30:41
  - no it isn't (General Chat) - Chris Peacock, Jun 24, 05:28:29
- yep. (n/m) (General Chat) - Chris Peacock, Jun 24, 05:23:46

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