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Smurf1976

Negative Equity In Sydney

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http://www.finance.news.com.au/story/0,101...091-462,00.html

It looks like the crash is on in Sydney!

...

Chief auctioneer in NSW for real estate agency Ray White, Tony Fountain, said the "McMansions belt" of western Sydney and inner, over-built suburbs such as Green Square would eventually take the brunt of housing price falls.

"The number of people who have borrowed 100 per cent staggers me," he said.

"If the parents or families were involved as gaurantors, they could be in trouble too,"...

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http://www.finance.news.com.au/story/0,101...091-462,00.html

It looks like the crash is on in Sydney!

...

Chief auctioneer in NSW for real estate agency Ray White, Tony Fountain, said the "McMansions belt" of western Sydney and inner, over-built suburbs such as Green Square would eventually take the brunt of housing price falls.

"The number of people who have borrowed 100 per cent staggers me," he said.

"If the parents or families were involved as gaurantors, they could be in trouble too,"...

This is interesting.

Do you know how things are doing in Melbourne?

I'm thinking about buying in Melbourne because I am planning on migration to Oz in a few (3-4) years time?

What do you think.......? Hang on and watch or has Melbourne dropped already?

Cheers.

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This is interesting.

Do you know how things are doing in Melbourne?

I'm thinking about buying in Melbourne because I am planning on migration to Oz in a few (3-4) years time?

What do you think.......?  Hang on and watch or has Melbourne dropped already?

Cheers.

Hang on and watch for a while. Sydney was alway the great bubble, but Melbourne always discretely follows the trend.

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Sydney / NSW is certainly ahead of the other cities / states in Australia. Melbourne was down a bit, now back up a bit. So I would certainly wait and see.

Sydney falling and Hobart showing some signs of falling.

Brisbane, Canberra, Melbourne, Adelaide basically flat overall.

Perth and Darwin still booming.

Anecdotally the market seems to be in trouble on the Gold Coast but no hard data as yet.

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Sydney / NSW is certainly ahead of the other cities / states in Australia. Melbourne was down a bit, now back up a bit. So I would certainly wait and see.

Sydney falling and Hobart showing some signs of falling.

Brisbane, Canberra, Melbourne, Adelaide basically flat overall.

Perth and Darwin still booming.

Anecdotally the market seems to be in trouble on the Gold Coast but no hard data as yet.

Many thanks for all your comments......deeply appreciated.

I will follow your advice, keep out of the market for a while and watch!

I have lots of time to buy and re-locate down to Melbourne, so I have the luxury of time on my side.

Cheers.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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