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LBRY Claims • down-down-property-prices-are-down

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20 Feb 2020 05:33:06 UTC
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Down Down Property Prices Are Down (February 2019)
Down down prices are down in the property market in Australia. Thousands of houses that should have sold last year are still unsold in early 2019. Just looking at the local real estate market here in Queensland, I can see that there are so many more houses on the market with lower prices than last year. Makes sense, right? Supply and demand. The official figures for 2018 are as follows. Sydney home prices dropped 8.9%. Melbourne prices dropped 7%. Perth dropped 4.7%. etc. As a nation, including regional centres, Australian house prices fell 4.8% in 2018. A new term, FONGO, is being bandied about, which stands for Fear Of Not Getting Out. It’s the phenomenon where homeowners wishing to sell start to get anxious when they can’t. They worry that this time next year, prices will be even lower, so they tend to lower their asking prices to try to get out sooner rather than later. This is the normal consequence of a falling market.

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https://www.youtube.com/watch?v=PmmDx4YcN0g
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