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freshinvestor93

2,460 Posts.

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25/08/21

11:25

Post #: 55554944
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Originally posted by aussieasxboss: ↑

of course the bubble will burst.

the writing is on the wall.

couples pulled out there superannuation to afford a deposit.

couples lost their job and in some instances job keeper was more then they where initially on.

you lost your job you experienced zero poverty.

there was so many government subsidiaries for these couples prior to buying. rent relief to name one.

soon enough they won't be able to service the mortgage times that by 100,000 and boom the market will collapse.

only have to look at insolvency is up 52% nation wide.

lucky for me - my bread and butter is being one of the best insolvency practitioner.

so in summary YES the bubble will burst

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https://www.afsa.gov.au/statistics/annual-statistics

Up 50% - that's weird - AFSA says the exact opposite.

Not sure the bubble will burst but god damn if growth doesn't slow down we will be a country of the haves and the never wills.
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