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Lender Expects Price Falls

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A major development in the Australian market. The Managing Director of major non-bank lender Aussie Home Loans expects prices to keep falling for years! And down about 10% next year is is prediction.

Mr Symond is quite well known in Oz and is generally seen as being on the side of home buyers since his Aussie Home Loans was amongst the first to cut profit margins on mortgages and give the banks some serious competition. Many people will take his opinion as fact.

This is in all the major newspapers today as well as being headline radio news. And he will be on a popular TV program tomorrow discussing the issue.

Even better, he seems to think prices coming down would be a good thing!

Edited by Smurf1976

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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