|
Glad it worked out for you Craig.
The fact that house prices are double what they should be is a strong position from which to negotiate the agent's percentage downwards.
Over the long term house prices roughly vary with inflation (prices have risen much faster than inflation in the last couple of decades) and median house prices should be around 3-4x average income.
In future either house prices will crash or high inflation will be used to devalue our currency, bringing prices back in line with long term measures. A crash will hurt borrowers while inflation will hurt savers. Such an out of balance situation should never have been allowed to happen and it's been promoted by bankers and politicians (note those ever increasing fat bank profits).
|