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TheCountOfNowhere

The PLUNGE word

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For the 2nd time today....PLUNGE

https://www.9news.com.au/national/2018/06/19/16/07/sydney-property-prices-housing-bubble-forecast

 

The Sydney suburbs where house prices are set to plunge

 

https://www.afr.com/real-estate/sydney-property-prices-to-fall-10pc-say-macquarie-anz-20180619-h11k3o

 

"Sydney property prices to fall 10pc, say Macquarie, ANZ"

 

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lol - according to the second link the banks are forcasting " 10 per cent slump in Sydney house prices, which would still leave them around 60 per cent higher than in 2012 "

My guess is in reality it may well be a "little" more than 10%, then!

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6 minutes ago, ftb_fml said:

lol - according to the second link the banks are forcasting " 10 per cent slump in Sydney house prices, which would still leave them around 60 per cent higher than in 2012 "

My guess is in reality it may well be a "little" more than 10%, then!

Breaking the sheeple in gently.

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Interesting article on the rollover of IO to repayment that is happening now in Aus and will continue in a big way for the next few years. Also mention of the (much under reported) price crash in provincial Aus which was something we became aware of after spending our last 2 years there in small-town QLD. Prices got hammered in many small towns (especially mining related) post 2008 and have never recovered. You don't hear too much about that, even in Aus, where the capital cities get all the attention.

http://www.abc.net.au/news/2018-06-19/fears-as-interest-only-loans-roll-into-principal-plus-interest/9886430

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  • 301 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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