Wednesday, May 14, 2008
And ... there goes Australia ...
news.com.au: House bubble bursts, but whose fault is it?
HOUSE prices in some parts of Sydney have almost halved as battling borrowers struggle to keep up with increasing interest rates.
Posted by hubbers @ 01:43 PM (280 views) Add Comment
3 Comments
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1. amjidk said...
funny that no can use the small island argument, in favour of infinite house price rises..
2. drewster said...
A friend of mine bought a house here in the UK in 1999, sold it in 2008, and is now moving to Australia. That means he's sold at the top of the market here and will soon be buying at the bottom of the market over there. Good timing!
3. Redbullish said...
USA, Spain and Oz all 20 to 30% falls. Of course it will never happen here.....