Quote:
Originally Posted by Pis-ton broke
just would like to know of other peoples views on the market at this time. i just sold a ranger over the phone for a good price , sold in three days of advertising.
i can't find another one in NSW for under $5000 ,that is complete or that doesn't over 300kms on it.
the market seems hot to me, why is this so?
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Wish i knew. Prices are nuts, even mainstream media has noticed.
https://www.smh.com.au/politics/fede...15-p55vu7.html
Without overseas travel, there is some substitution purchasing going on, but that seems an incomplete explanation.
The scaling back of jobseeker and jobkeeper is happening but in the meantime the used car market is showing fewer cars advertised at higher prices.
Mortgage holidays have to end at some point. Initial reports suggest distressed mortgage rates are rising. What happens then? Do we see a big reversal as a whole bunch of cars come back onto the market to raise cash?
Very, very baffling.