Might want to watch this then!
Had meetings this morning around all of this, and there is part of me doesn't like the fact we do deny our economic position and the way we bury our heads in the sand. However IF this is handled correctly, it may help see some stabilisation. (along with mining picking up again apparently? someone to confirm?) On a selfish note, it would allow to get me one step closer to bailing out to Tassie and not dealing with it to a degree in my own bubble.
I've already seen investors this fortnight come out of the wood work left, right and centre. One thing that seems to be occurring is that those who were aiming for 20% will still continue to save for this regardless of the government bond around LMI as they assume a larger deposit increases their servicing capacity. Many of Victorian's younger generation are so scared of anything but 20% from the barefoot investor that they've missed out of that some incredible growth over the last 36 months, down cycle might be hitting in the $600K bracket; but demand sub $600K has not eased up as affordability became so tough post commission.
Granted I think we are seeing a shift back towards post-days, trailing commissions are still staying with liberals and that secured all the brokers votes as this was their living income they rely on, not just up-front. If this Armageddon does come; how will avoiding any attempt to prevent it help? The only investors we've seen since this downward trend has been the internationals; and everyone moans then about foreign ownership; some developer's attempted to prevent FIRB purchasers, but ultimately had to cave because no one else was buying.