Hi nicky6,
I live near Quakers Hill, i bought in the poorer suburb near Woodcroft, 1 street away but walking distance to supermarkets(woodcroft and quakers court)but paid less than half what they pay in Woodcroft and Quakers.
I think houses worth $450+ in 2001 are to be hit harder and homes where someone paid $220k will not see as massive losses. Even places in the city will come down to and are already at $400k such as Newtown.
A lot will have to downgrade to cheaper suburbs.
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