{"id":21891,"date":"2019-11-07T13:14:37","date_gmt":"2019-11-07T00:14:37","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=21891"},"modified":"2019-11-07T13:14:37","modified_gmt":"2019-11-07T00:14:37","slug":"harry-dent-is-back-predicting-property-prices-will-fall-50","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/harry-dent-is-back-predicting-property-prices-will-fall-50\/","title":{"rendered":"Harry Dent is back predicting property prices will &#8220;fall 50%&#8221;"},"content":{"rendered":"<p><strong>PHOTO: Property Bubble<\/strong><\/p>\n<p>Australian residential prices remained \u201c40% overvalued\u201d and the bubble is yet to burst, the international doomsday commentator Harry Dent has claimed.<\/p>\n<p>Australia was going to lead the next global bust, he said.<\/p>\n<p>Dent forecast \u201cAustralian prices would fall 50%\u201d in the next downturn and he ranks Australia as the third most overpriced market in the world, coming in behind Hong Kong and China.<\/p>\n<p>\u201cDon\u2019t take the \u2018oh, we had a little crash and it\u2019s over, time to buy again because we don\u2019t want to miss out\u2019,\u201d Dent said.<\/p>\n<p>\u201cReal estate, mark my words, will in five, 10 or 15 years time never be better than this. The best cities, Sydney and Melbourne, are going to go down more than say Adelaide. Rich people will lose the most money,\u201d he tipped.<\/p>\n<p>Dent again claimed that Australians\u2019 exposure to a weakening Chinese economy would be the primary trigger of the downturn.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.propertyobserver.com.au\/forward-planning\/investment-strategy\/property-news-and-insights\/105729-harry-dent-is-back-predicting-property-prices-will-fall-50.html\">PROPERTY OBSERVER\u00a0<\/a><\/p>\n<p><script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<ins class=\"adsbygoogle\" style=\"display: block;\" data-ad-format=\"autorelaxed\" data-ad-client=\"ca-pub-6145729223818696\" data-ad-slot=\"4282549428\"><\/ins><\/p>\n<p><script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Property Bubble Australian residential prices remained \u201c40% overvalued\u201d and<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/harry-dent-is-back-predicting-property-prices-will-fall-50\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":21892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098573,478098730,478098512,478098521,478098726,478107608,478098892,478098566,478098562,478107607,478098542,478098519,478098535,478098556,478098513,478101743,478099125,478098873,478098579,478098510,478098616,478098514,478098575,478098511,478098705,478098509,478098536,478098618,478098677,478098724],"class_list":["entry","author-data123nz","post-21891","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-apartment","tag-auctions","tag-australia","tag-australians","tag-chinese-buyers","tag-chinese-economy","tag-corelogic","tag-first-home-buyers","tag-foreign-buyers","tag-harry-dent","tag-home-loans","tag-home-ownership","tag-house-prices","tag-nsw","tag-property","tag-property-correction","tag-property-crash","tag-property-investment","tag-property-market","tag-property-news","tag-property-prices","tag-propertynoise","tag-queensland","tag-real-estate","tag-real-estate-agency","tag-real-estate-news","tag-sydney","tag-sydney-property","tag-victoria","tag-wa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - 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