
How scared should you be about the property crash ahead? With Stuart Wemyss
Property Investment, Success & Money | The Michael Yardney Podcast
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What's the Difference Between Value and Affordability?
When we go and make a decision to buy a home, or even upgrade our home. What we're really doing is making an affordability decision. How much is it going to cost me to afford that? And can i afford that over longer period of time? So really, value doesn't really play into it. It's more about affordability. Sure to oner occupy. Lead booms like we've recently experienced, they tend to slow down. When demand decreases because a lot of pent up demand has been taken up. But when a fordability issues start to creep in, as has obviously happened, particularly in sydney and melbourne, property values don’t crash.
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