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Old 18th Jul 2017, 09:46
  #30 (permalink)  
BNEA320
 
Join Date: May 2011
Location: BNE
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are you serious ? eg. There's a major glut of units in Brisbane. Many people are now buying heavily reduced units rather than houses, which is driving down the price of houses.

Lots of units hitting rental market, also means drop in yields for houses & units. A drop in yields basically means the houses/units are worth less to an investor, who bases the purchase price on what ROI they can get. Same thing to a lesser extent in SYD & MEL. If you believe the rubbish in the media, you're a bit silly. Remember the media earns many billions a year in real estate advertising & the media will try & talk it up, even when interest rateas rise a lot.

We buy & sell a lot of real estate. Last 12 months sold a lot. Now making many rough offers & some are being accepted. Start at 50% of asking price.

Bank repos are increasing as well.
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