I don't want to break the rules about discussing house prices, but I do have a specific Q on Stamp Duty (assuming all esle stays the same eg interest rates, general economy etc etc)
....It is reported that people are putting off buying until the election is over as they think SD may be changed......I see 2 outcomes....
1. SD is abolished. This will have the effect of people having more borrowing power.
2. SD is maintained, which will have the effect of people who are currently holding off buying rushing back into the market.
Both of these will untimately lead to higher prices, so based on that is now a good time to buy?
Firefly.
....It is reported that people are putting off buying until the election is over as they think SD may be changed......I see 2 outcomes....
1. SD is abolished. This will have the effect of people having more borrowing power.
2. SD is maintained, which will have the effect of people who are currently holding off buying rushing back into the market.
Both of these will untimately lead to higher prices, so based on that is now a good time to buy?
Firefly.