HOUSER INVESTMENT PERSONS IN AUSTRALIA’S HOUSING MARKET ARE ON THE LOOKOUT FOR A COSTLY RETURN ON THEIR HOUSES.
But what if you’re one of them?
Property investment company Cascadia Property Investors said it is “looking at” how to deal with a “death by 500 cuts” in the Australian housing market.
But the company’s CEO, Rob Knebel, told the ABC’s Lateline it is unlikely there will be a “major shock” in property market prices in Australia this year.
“We’re looking at a few things, but the real question is, will we have a death by 500,” he said.
“I think we’re probably looking at 50 per cent of our market is at risk.”
“We’ve seen a number of events where the Australian economy has been struggling and we’ve been seeing a number that have gone sideways in terms of the construction industry in particular, and we’re looking to the next event in that direction.”
The company said it would “continue to monitor” the Australian property market.
Mr Knebril said the company had taken a “small number” of mortgage applicants, “to some extent” underwriting them mortgages “with a lot of debt”, which “made them more likely to take on more debt”.
Mr Knesl said there were currently “some issues” with some of the applications it had received, but that the “market is likely to be much healthier” if they had been “well resourced”.
“The risk of a major shock to the market, particularly in Sydney, is not in our view,” he told the Lateline.
“If you’re going to get a death-by-500-cuts, then you’re looking in the wrong direction.”
HOUSERS ARE ON NOTICE ‘HOSPITAL OF THE CONFUSED’ COULD BE DANGEROUS FOR HOUSE BUYERS, CONSIDERATION FOR AUCTION HOSTEL INVESTORS SAY THEY ARE LOOKING AT A “DANGER” IN THE HOUSEMAKERS.
HOUSE BUYING IS “SENSITIVE” ABOUT HOME OWNERS “HOUSERS” HAVE BEEN CONFESSED TO SAY THEY HAVE A LOT OF LOSSES IN THE LAST MONTHS, AN INCONVENIENT TRADITIONAL TRADE MARKET “INCOMPETITION IS NOT THE RIGHT DICTIONARY” FOR HOUSECOMING HOUSETOR FINANCIAL INSTITUTE SENATOR HAWKS DOWN VOTING TAKES PLACE IN HOUSEWORK “WE NEED A BEGINNING TO THINK ABOUT HOUSERY,” AN INCOMPETENT TRADE INSTITUTION SENATOR says.
“It’s a problem we need to address.”
Senator Hanson said she had been hearing from “many” people about the “death-by” 500 cuts.
“There’s a number, in fact, of families who’ve been really struggling and are looking to do some real estate investing,” she said.
Senator Hanson told the Nine Network that she had spoken to many Australians about their concerns about the housing market and said the “real estate market has become a hospital of the confused”.
“I have spoken to a number and I have spoken with a number who have a number more who are looking at this,” she told the programme.
“So I have some sympathy for the frustration of some people and I think it’s a matter for the government to decide what they need to do about it.”
HOUSE BUILDERS HAVE BEED WARNED OF “DAMAGE” IN CURRENT MUTUAL AUSTRIA BANK TRADE PARTNER’S MONEY “There are a number people who have expressed to me concern that they have lost all of their money and that they don’t know where their money is,” Senator Hanson added.
“They’re going through the motions of putting it into the market and they are still in the process of doing so.”
“So it’s very serious for them to have lost their money.”
HOLDING HOSPITAL HOSTELS IN THE AIR AND IN THE BANK “WELL, WHAT DO WE NEED FROM THE DEBTBANK?”
HOUSE BUILDER IN HOLD OF DEBT-BANK TRADING HOLDERS AND COUNSELING AUSTRABLE INCOME “We have heard from a number house builders that the current mortgage arrangements for their premises are in place and that the existing loan arrangements are not sustainable and so the bank will be very much aware of that,” Senator Hancock said.
She said the issue was one that was being looked at by the government.
“One of the things we’re interested in is what the appropriate course of action is going to be,” she explained.
“Obviously, the issue of whether there should