Ashley Church can string a sentence or two together and his piece on home affordability or more accurately mortgage affordability is worth the read.
His point of view is there's been little change in affordability in years. I.e. lower interest rates = less mortgage rate interest = cost of servicing about the same.
No need for an artificially controlled price drop. Let the markets do their thing and consumers will as they have always done - change their behaviour.
My 2 cents worth...
Agree with his sentiment. Smaller homes are now the trend - out with the McMansion new builds on tiny sections. In with the 150 sqm 3 bed, with some outdoor space. The floor plan is really important - no need for the huge entrance hall, but add in a laundry. The washing machine and dryer stuffed in a cupboard had to be a male's idea.
cheers,
Donna
His point of view is there's been little change in affordability in years. I.e. lower interest rates = less mortgage rate interest = cost of servicing about the same.
No need for an artificially controlled price drop. Let the markets do their thing and consumers will as they have always done - change their behaviour.
My 2 cents worth...
Agree with his sentiment. Smaller homes are now the trend - out with the McMansion new builds on tiny sections. In with the 150 sqm 3 bed, with some outdoor space. The floor plan is really important - no need for the huge entrance hall, but add in a laundry. The washing machine and dryer stuffed in a cupboard had to be a male's idea.
cheers,
Donna
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