pricey homes look set to stay, page-40

Couple more notches on the interet rates will bring them out of the woods IMO

Know a couple of people with Multi Million dollar holiday homes down Portsea and they have said they will have to sell because they won't be able to service loans soon with the money they have borrowed for business interests against there properties

Keep the Toorak/Malvern home and sell the $3-4 million beach house.

One in particuliar has had the beach house in the family for many years, so he's not looking forward to having to do it obviously.

Wonder how many others in the same boat. Last taste of the cdownturn saw a lot of others selling down the coast, maybe super funds, who knows.