Pessism in the real estate market is leading to lead to local market revival.
House price expectations in the hunter are at an all time low, with almost 60 per cent of people believing that there will be a decline in property values in the next quarter, according to the Mortgage and Finance Association of Australia
“Phil Naylor, CEO of the MFAA said This is the most pessimistic response we have had in relation to property price expectations since we commenced the Home Finance Index in June 2006.
“he further added that This should not be seen as all bad news. The expected decline in prices will help address the chronic problem of housing being unaffordable for a lot of Australians, and first time buyers are likely to be enticed back into the market.
