I went to an auction in Melbourne just before the second lock-down....10km north east, bidding was incredible for a weatherboard knockdown.
People buying in these areas are not sweating on a "pre-approval" and in some cases not even taking out a mortgage.
Westpac's modelling is spot on....
This discussion board is like groundhog day...the bears talk 40% fall every time there is a pullback....only to see the market surge.
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- RBA - 40% house price fall
I went to an auction in Melbourne just before the second...
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