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"and if the bubble in 10%?? of Australia's postcodes" I think...

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QTess

135 Posts.

19/07/15

20:49

Post #: 15658471
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"and if the bubble in 10%?? of Australia's postcodes"

Originally posted by GobbleDok ↑

and if the bubble in 10%?? of Australia's postcodes does eventually burst then what happens? Those that are not buying now flood the market when a drop of 15-20% occurs.
Instead of waiting for it to happen I would think the best option for first home buyers is to buy a property away from their comfort zone where there is less chance of a capital growth, which lessens the risk of a capital loss, and where the gross return is above 6.5%. they can then be building equity while they wait for a drop and will have even better buying power/leverage at the bank when it happens right?

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I think that shows how deluded a lot of people actually are, and how far from reality their understanding is. Crikey
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