Negative Equity stalks Sydney (and Melbourne)
#1
Forum Regular
Thread Starter
Joined: Apr 2005
Posts: 236
Negative Equity stalks Sydney (and Melbourne)
http://www.theaustralian.news.com.au...E25658,00.html
:scared:
But it could be an opportunity to buy if you think there's value there...
:scared:
But it could be an opportunity to buy if you think there's value there...
#2
Re: Negative Equity stalks Sydney (and Melbourne)
I don't like saying "I told you so" but I told you so.
It's an each-way bet that we haven't seen the start of it yet in many metropolitan areas and surrounding suburbs.
It's an each-way bet that we haven't seen the start of it yet in many metropolitan areas and surrounding suburbs.
#3
Re: Negative Equity stalks Sydney (and Melbourne)
Originally Posted by Storini
http://www.theaustralian.news.com.au...E25658,00.html
:scared:
But it could be an opportunity to buy if you think there's value there...
:scared:
But it could be an opportunity to buy if you think there's value there...
For those of us that have brought in the last 2 years we can't really grumble as we probably made a killing in the UK.
As for the market falling often it is just more realistic prices being put on houses and people are not able to be greedy. For those of you looking at coming out next year it could be a blessing
#4
Joined: Jul 2005
Posts: 1,487
Re: Negative Equity stalks Sydney (and Melbourne)
Originally Posted by Storini
http://www.theaustralian.news.com.au...E25658,00.html
:scared:
But it could be an opportunity to buy if you think there's value there...
:scared:
But it could be an opportunity to buy if you think there's value there...
For those just here and looking to buy it should be a blessing , and for those who have bought a house for the long term, its irrelevant.
If anyone came here , and bought a house short-term with the hope of making a killing in a market they didn't know, well...