JETGO from Wollongong

[BNEA320]

Originally Posted by Icarus2001

Yes, you KEEP saying it on EVERY thread.

Nocookies | The Australian

They do not raise rates as we enter a recession do they?

Reserve Bank minutes: 'Neutral' interest rate rate around 3.5pc, Australian dollar surges - ABC News (Australian Broadcasting Corporation)

Dollar surges as the WORLD but not BNEA320, factors in rate rises.

wow you don;t get it do you ? Have you ever been through a recession? We have to have one. Growth has to end.

Its started. If you can't see it, you read too much crap in the newspapers who are trying to sell stuff, like overpriced real estate. musical chairs !!! Just don't be the last mug punter left or you'll be stuffed.

Have you read about all the real estate that didn't sell & vendors pulled it off the market. NO, cos the media doesn't want to report about that.


Think about this. Units sold off the plan for $1m with 10% deposit. On completion they are worth $800k or less probably. No one would be stupid enough to finalise on those figures, so they'll walk & there will be many developments like this in SYD, MEL & already in BNE & a glut of units, with all the developers taking anything they can get. (ok they got to keep the 10% deposit, but they will have to sell them at BIG discounts to move them)