HomeMate.com.au

Will Australian house prices crash in 2013 as predicted by another US property guru? Many Australians’ belief in Real Estate as the best investment would be shocked that a US real estate expert is predicting Australia’s real estate prices could half over the next couple of years. Jordan Wirsz, a respected US real estate adviser  [...]

Is increasing land supply the real key to bring down house prices? Australia’s housing market is a key driver of the domestic Australian economy. This article attempts to shed light on the true cause of our high home prices and that over priced land is the the real cause of our our over priced homes. [...]

Australia’s conservative party focus groups  new spin, “housing affordability crisis” to describe home buyers reluctance to buy over priced homes. Australia does not have a housing affordability crisis. It has a housing and land price bubble that savvy home buyers know about and are using it too drive prices down. The Housing affordability reality. Housing [...]

RBA ask home buyers & homeowners to carry the “interest rate” can for the economy again. Australian home buyers and mortgagor homeowners might get punished By the Reserve Bank of Australia with higher mortgage repayments for the mining boom, the Queensland floods and Cyclone Yasi. Real economy is going backwards This grim analysis is based [...]

Interest Rates stay as they are as the RBA steers Australia through a turbulent time. The housing Industry would have breathed a sigh of relief yesterday afternoon as the RBA board decided to leave interest rates unchanged for what is now a record period under RBA Governor, Glenn Stevens. Arab Nation unrest together with the [...]

Home sales fell last year to below those recorded at the height of the global financial crisis in 2008. That was when the rest of the World had a major correction in house prices and Australia missed that bath.

Hence the :dead cat bounce” analogy.
Whilst we have seen several raises in mortgage interest rates, they are hardly a concern at average mortgage rates we have and full employment, so my guess is that house prices have got ahead of themselves and until they soften further we are unlikely to see an upswing in home buyers any time soon.

In the UK the figures in a survey showed 20% of potential first-time buyers expect to be 40 years old before they buy their first house.
The trend in Britain is showing that the “typical” age of a first-time home buyer may soon increase from 31 to over 40, to up to 44. The concern then is can they then prove they can support a mortgage, as they may require to pay out the mortgage before retirement.