Your friend: “OMG, did you hear that “they” said Australian property prices are going to fall by 30%?”
You: “Who’s ‘they’ and what data did they use?”
Your friend: “No idea. But seriously how bad’s that!”
With bold predictions about the direction of Australian house prices getting tossed around left right and centre, falling rental prices, COVID-19 and first home buyers licking their lips, Owen took the opportunity to talk about house prices, the basics of economics for property, the latest data and forecasts, why forecasts are almost always specifically wrong and how to think about buying property in 2020.
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