Check this out from the previous article:
A recent UBS Warburg report suggested that if housing prices were to return to their long-term average, they would have to fall by an average of 22 per cent Australia-wide.
Ouch, that would really hurt investors... some properties would be affected more than others but inner city apartments and similar properties would be hit really hard... Being very illiquid investments, speculators would get caught out big time... all we need is a few interest rate rises to spark the fall.
Anyone invested in the Gold Coast recently?
Property - Scary stuff
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