Five years ago banks were “falling over each other” to give out loans, says Sydney-based IT executive Karl Sice, who bought his first investment property 15 years ago. He currently has six properties in his portfolio across Sydney, Melbourne, and northern Queensland.
But after roughly six years of uninterrupted, breakneck growth, Australia’s house prices are falling, and the noises from the lenders have changed. The difference between now and five years ago, Sice says, is like…
Source : South China Morning Post
Read more…Buyers on a bargain hunt as Australia’s housing market keeps sliding
