News   In the Media   Significant drop in housing expected by 2019

Significant drop in housing expected by 2019

Published on 30th May by Fiona Bennett

Significant drop in housing expected by 2019

iBuyNew and our CEO Mark Mendel has been featured in Smart Property Investment on Wednesday 25th May 2016.

This latest article is based on a new report, released by Capital Economics that reveals a significant drop in housing is expected by 2019. Capital Economics claim that house prices in Australia will fall by about 10 per cent over 2019 and 2020.

Mark Mendel said that talk of an apartment oversupply is “overstated” as a number of proposed developments will “never eventuate”, with many developers unable to obtain finance.

According to Mark Mendel, “While there is a lot of discussion about banks toughening their lending policies for buyers, they are even tougher on developers”.

“Developers with no track record are getting a blanket ‘no’ from lenders across the board, while those with a limited track record are also finding it extremely tough.”

To read this article in full, you can view the article here, Australian property on par with pre-crash US.

Fiona Bennett

Fiona loves to keep our clients engaged and up to date with the latest property news and trends and regularly provides updates through our social media channels.

Did you like this article?

Sign up to the iBuyNew newsletter to receive more articles and property news straight to your inbox.

RELATED ARTICLE

As seen In the media

3 reasons to choose iBuyNew

Our sole focus is new property

We help you review, compare and choose your ideal off the plan property around Australia

Largest selection in Australia

Choose with confidence knowing you have considered, compared and selected from all our available options

Total Service ManagementTM

We provide you with the decision assistance and guidance from ‘selection to settlement’ and beyond


As featured in: