The property lobby regularly argues that the driving pressure beneath increasing residence rates is increasing population. Even a cursory examination of the knowledge shows that this is not true. The true drive is accelerating house loan financial debt, as I am going to explain in a screenshow presentation to be uploaded shortly
Video Rating: four / five
This week on House Target, RP Information chief executive Graham Mirabito discusses why the nation’s home costs fell in August and Harcourts Integrity director John Caputo takes a seem at the Perth house market and shares some insider suggestions for investors.
Tags: Price
Excellent observation about house values.
Aram Arakelyan
Your LA Broker For Life!
Realty Needs Network
house value check
i just like the fact that Prof . Keen lets you comment on his clips and his channel as opposed to Melbourne property investor Michael Yardney who has everyone blocked on his clips and channel.
@ozwasp
In Vancouver,a apt morderately built apt could cost well over fr 300000 to 550000 and don’t forget Canadian dollar has already surpassed greenback in value.
Seems like a pretty simplistic argument here. I would think that population growth could very well have an effect on the acceleration of the mortgage debt – and vice versa. I’m not an economist, but as far as I know, population growth (by immigration) has gone hand in hand with housing bubbles in USA, Spain and Ireland.