Well, all the overseas investors have timed it perfectly it seems. Pushing our property prices up when our dollar was 85c...they can sell at 2 year ago prices (what they paid for) drop the prices by 15% and still make 20% just on currency exchange. so expect heaps more to be put on the market...just the begining, and they will be competing with our own sellers, so again we lose...
Just on Adelaide news...apartments that sold for $690,000 in the last few years are now $346,000 a drop of 51%...
It will be like a snowball coming down a mountain gathering momentum...better places to invest than property...
