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I think boom times are over for eastern states for sure. I doubt...

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avagadro

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29/11/19

16:16

Post #: 41714350
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Originally posted by Bruno81 ↑

Yep things bad in wa, I don't think the east coast will be as bad, because they won't all leave like what happened in wa, I was over there from 08- 15 working and there was so many people from overseas ( due to gfc) and heaps of east coasters that have now mostly left. Now east coast construction boom slowing, I think it will still get bad but not as bad as wa, because people will still stay and government will try to keep immigration up and start QE, but I think 2017 will be remembered as the top and it's all downhill from here.

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I think boom times are over for eastern states for sure. I doubt property will crash in a heap, but I suspect it will track sideways for some time until either unemployment drops, immigration drops and/or wages grow, lenders change to risk on.
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