It’s a correction, It’s normal. Whoever owns a million or millions dollar house is obviously not a first home owner. Because young mom & pop first home owner will not get approved for a mil dollar loan. They obviously people who bought it a while ago for $400k? perhaps? In Australia 30% properties are fully owned. So technically one every third home you see when you walk past is fully owned.
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It’s a correction, It’s normal. Whoever owns a million or...
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