Property prices will fall in a dramatic way cause wages have not gone up to support higher mortages.Afriend of mine in Perth said that 12000 properties were for sale 18 months ago,in the boom 6000 for sale,now 9000for sale..........Wages eg,Laboratory assistant in 2002/$38000....2004/$34000......NO more Permanent positions........Something has got to give considering upward move in interest rates.....
the property crash is here in melbourne, page-6
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