{"id":26184,"date":"2020-07-09T12:07:32","date_gmt":"2020-07-09T00:07:32","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=26184"},"modified":"2020-07-12T15:32:58","modified_gmt":"2020-07-12T03:32:58","slug":"should-agents-fear-the-september-cliff","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/should-agents-fear-the-september-cliff\/","title":{"rendered":"Should agents fear the September cliff?"},"content":{"rendered":"

PHOTO: Real Estate Agent<\/strong><\/p>\n

Real estate agents and mortgage brokers are being advised not to fear the \u201cSeptember cliff\u201d, as business can still be transacted without government support.<\/p>\n

The September cliff could see house prices plummet as JobSeeker payments are halved, JobKeeper payments<\/a> are removed and banking deferral of loans\u00a0are\u00a0ended.<\/p>\n

During a recent recording of What\u2019s Making Headlines, host Tom Panos<\/a> explained why real estate professionals should not be fearful of the September cliff.<\/p>\n

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The high-end real estate agent, the hotel tycoon and the $20MILLION home<\/a><\/h2>\n<\/header>\n<\/div>\n

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\u201cWe\u2019re only eight weeks away from September, and I want to see what actually transpires, and either way, I\u2019ve got to tell you, if you are right now a mortgage broker, you should be happy. If you\u2019re a real estate agent, you should be happy, because guess what? There\u2019s a market for you, whether the market\u2019s good, whether the market\u2019s bad,\u201d Mr Panos said.<\/p>\n

The property guru highlighted that regardless of which way the market goes, consumers will still look at property due to it being more than just an asset to investors.<\/p>\n

\u201cPeople generally are transacting in real estate, not because\u00a0houses have gone up 5 per cent and they\u2019re going to take that 5 per cent off the table, they don\u2019t think like share investors,\u201d Mr Panos said.<\/p>\n

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