For housing, the decline is getting close to a bottom
By the middle to latter part of 2019, cashed up first home buyers will increasingly tap the market and will inevitably provide support to prices. If the RBA eventually cuts interest rates, which is still a good chance, the housing market and with it, the economy, will sail through another year without loosing too much paint on the way through.
At the end of the day, house prices do go up and they do go down and there are some winners and losers as this cycle inevitably unfolds from year to year.
For those who were aggrieved at ‘missing out’ on the housing market when prices were elevated a year or two ago, are now rejoicing at the prospect of buying a cheap house with low interest rates at a time when wages growth is starting to pick up.Australians just love to complain about house prices, whether they are going up or down. Up until a year ago, there were regular complaints about high house prices. Also read: Is the Aussie housing market about to blow up?
— Read on au.finance.yahoo.com/news/comes-house-prices-seems-cant-win-210644370.html