record property drop in melbourne, page-24

  1. Rogue Trader
    20,451 Posts.
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    29/04/08
    12:21
    Post #: 3639538
    snappy problem is rent is not covering much of the loan anymore as interest rates head to 9.5%+, say you get out of a 3year fixed loan this year & you have to cough up a extra $500-$1000 a month in interest, is it worth it?

    At these interest rates property is not attractive, correction has only started & will get worse.
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