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ShirtyTheSlightlyAggresiveBear

10% Fall In House Prices

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http://www.smh.com.au/news/national/figure...8524820530.html

SYDNEY homebuyers who bought at the top of the market have lost 10 per cent of their capital,
The recent housing bubble had "so distorted the Australian economy that these days we again run the risk of becoming a banana republic", Dr Woods said.

He said the economy had been dependent on housing and renovations and was now supported only by the mining industry.

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Guest Winners and Losers

Many out there seen this coming a long time ago........ :o

Thank you, thank you - shall I take my bow's now??? And no one would listen to little old WAL. Fools.

Don't worry though - IT COULD NEVER HAPPEN HERE.

:rolleyes::rolleyes::rolleyes::rolleyes:

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He said the economy had been dependent on housing and renovations and was now supported only by the mining industry.

Well, the UK is in a much stronger position then - not having to rely on old-fashioned tangible natural resources for its wealth it can merrily continue to shuffle the mining companies paper around to its hearts content, have its nails done and get a fake tan. Bonzer!

JY

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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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