not a chance property is grossly over valued.
the other day i was looking for an investment propert in the s/e suburbs of melbourne and the selling price is $170,000 paying $140 rent per week
$140*52/0.088 = 83,000
This investment propert is an examply of how over inflated property prices are at current interest rate levels..by almost 100%
i can smell a bounce in property price, page-10
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