housing boom is over, page-67

  1. 17,117 Posts.
    wow bb, what newspaper is that in ????
    sensational news...........so thats why you are saying you will get a prop for 50% discount.....but it was overpriced in the beginning...........
    I have no idea where kellyville is in relation to inner sydney.....
    immediate thoughts come to mind......similar to the overpricing that occurred at docklands in melb.....all associated with one con man, and his associated parties.....docklands has since recovered.......but it did not affect all of melb inner city apartments......think they were selling the props, overpriced at 650-700k, when in fact they were worth 450k............
    also seen homes in inner syd going for 800,000 and little more than a dog box, ie old workers cottages....that was at the peak in 2006 ???
    friend of mine just told me she sold her unit for 550,000 at auction in july 07........was expecting 400,000........but truthfully I would value it around 300,000 max.....in carnegie, very ordinary 1960 cream brick, ground floor, tiny kitchen etc........
    are its peoples perception is the crime........
    I spend a lot of time on research in property and shares,
    anyway.........
    ****bb still waiting to hear what business you are in ???
 
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