Why Australia’s governments, banks and economy don’t want ‘affordable’ housing

PHOTO: The Australian property is running both hot and cold, says Ian Verrender. – ABC News: Elise Pianegonda

If you’ve ever spoken to a real estate agent, you would know there are only two scenarios when it comes to Australian property.

When the market is running hot, you need to get in quick. And when it’s cooling, it’s an opportunity to grab a bargain.

Either way, there’s never been a better time to buy.

Right now, Australian property is running hot and cold.

After nearly six years of either spectacular or frightening gains — depending on whether you own a home — capital city real estate is in reverse, particularly in Melbourne and Sydney.

READ MORE VIA ABC.NET.AU