C
Chromeo
Guest
As a potential first time buyer i was intrigued by yesterdays article in the Sunday Indo. - basic gist was that there are lots of repossessions going on with the rise in interest rates putting many into difficulty with their repayments.
Reading between the lines of the article, whic you have to do with the sunday indo, it appeared to be a thinly disguised ad for the PD stamp duty promise.
Given that none of us can be sure if that promise will come to pass and taking into account that rates are going to get worse before they get better, I'd be interested to hear of peoples thoughts on the direction of the market (Particularly at the lower end) and the prospects for further stabilisation of prices - are falls in prices becoming a possibility at this stage or is that a tad optimistic, are repossessions happening to any significant extent, etc???
I note for example that many properties are not selling quickly and that for some the guide pprices are being lowered in an effort to shift them.
Reading between the lines of the article, whic you have to do with the sunday indo, it appeared to be a thinly disguised ad for the PD stamp duty promise.
Given that none of us can be sure if that promise will come to pass and taking into account that rates are going to get worse before they get better, I'd be interested to hear of peoples thoughts on the direction of the market (Particularly at the lower end) and the prospects for further stabilisation of prices - are falls in prices becoming a possibility at this stage or is that a tad optimistic, are repossessions happening to any significant extent, etc???
I note for example that many properties are not selling quickly and that for some the guide pprices are being lowered in an effort to shift them.