Property is a market like any other - albeit with higher interference.
Make no mistake property is in for an absolute hiding. Of course no one knows exactly when it will happen. But there are more than cracks appearing now. The block i bought was 40% off from 2008 prices - all ok there.
That said I think it will fall further - I will have negative equity soon. I wish others to be careful when putting their hard earned it particularly as the economy is so weak. As the RBA chases her down.
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crash what crash, page-77
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