"but its good to understand the competition out there - lol"
I respectfully disagree, I would say it's good to understand the Lack of competition out there!
6 star in Qld now? Wow, that has to bring prices back, maybe somewhere between 80 and 120%. That's it, I'm not buying another house until someone pays me to take it! Crash! Look out below!
I agree you can't forcast exactly what the market will do but Im happy to put a 10k cash wager on the fact that average house prices won't be 20 cents in the dollar by Christmas, any takers? Worth considering, 10k could be a 20% deposit on a 50 square house in the city by Christmas.
