I’ve heard many people comment on an article featured on news.com.au yesterday quoting US demographer and economist Harry Dent, saying he expects Aussie house prices to drop by half.
Dent has been predicting an Aussie property crash for as long as I can remember. He even predicted this to occur during the GFC. I guess he’ll get it right someday but based on our property market fundamentals, I don’t see price reductions of up to 90% happening in my lifetime but who knows anything is possible.
The real question is…I’d like to know where he got his crystal ball from! Read More