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1.Market Observations, 8.Was Sticky

20 Oct 2018 (AFR) – Property investor losses soar as market slumps, costs rise and sentiment sours

[COMMENT: What happened to those property spruikers who were saying that you can never lose on property investing, because it always increases in value?]

(20 October 2018, AFR, p6, by Duncan Hughes)

Percentage of property owners in negative equity if prices fall by 20% (Digital Finance Analytics)

Percentage of property owners in negative equity if prices fall by 20% (Digital Finance Analytics)

‘An apartment glut, falling prices and slowing demand has almost tripled the number of off-the-plan Sydney apartments valued at less than  the purchase price, analysis shows. CoreLogic research shows more than 14 per cent of Sydney apartment owners’ resales are at a loss, a rise from 11 per cent in the past 18 months. As well, the number of off-the-plan apartments that are valued at settlement below the price in the contract has jumped from 11 per cent in April last year to 30 per cent last month.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

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