I’m still trying to figure out the truth about this interesting point in the property cycle.
I’m suspecting that the market may have slightly stalled.
In other words, it’s not behaving according to the logical slopes of supply and demand, because sellers are wanting higher prices than the market is willing to pay.
That would explain why the average price hasn’t dropped with the reduction in demand.
Anyone smart enough to take some pot shots at what’s going on.
Anyone agree or disagree that by holding the interest rates up, the reserve bank has effectively reduced the demand.
If you cant pay for it, you are effectively out of the “demand loop” no matter how much you desire it.
Anyone smart enough to firmly blast some holes in the Supply theories?
Is it that there will never be any more land ..or do alternatives like building into the thin air itself (apartments) or things like “in-fill housing” or even the developments of places like “Pegasus” indicate that the supply is being magically expanded out of thin air in some cases.
Any thoughts?
I’m suspecting that the market may have slightly stalled.
In other words, it’s not behaving according to the logical slopes of supply and demand, because sellers are wanting higher prices than the market is willing to pay.
That would explain why the average price hasn’t dropped with the reduction in demand.
Anyone smart enough to take some pot shots at what’s going on.
Anyone agree or disagree that by holding the interest rates up, the reserve bank has effectively reduced the demand.
If you cant pay for it, you are effectively out of the “demand loop” no matter how much you desire it.
Anyone smart enough to firmly blast some holes in the Supply theories?
Is it that there will never be any more land ..or do alternatives like building into the thin air itself (apartments) or things like “in-fill housing” or even the developments of places like “Pegasus” indicate that the supply is being magically expanded out of thin air in some cases.
Any thoughts?
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