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clock Created with Sketch. 22/08/19
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Originally posted by Menta:
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Where I live in Mermaid Beach house prices are still off their peak 2007 levels (and also in real terms in many parts of the country). So yes it worked for me and those who also purchased shares after the GFC which have more than doubled since. But now it's time to get out of all risk assets for the reason I've stated previously. So while stock prices can plunge 80% or more during the coming deflation, due to the degree of debt fueling Australia's housing bubble, prices could ultimately deleverage and deflate to a similar degree in areas that inflated the most. Leverage is thrilling on the way up, but terrifying on the way down.
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Gold Coast’s top 10 suburbs for value growth Suburb, 1993 median price, 2018 median price, total change in median over 25 years
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22/08/19
