/biz/ - Business & Finance

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Sydney dwelling values fell -8.1% over the past year, their largest annual fall since May 1983 Anonymous Sun Dec 2 20:45:07 2018 No.11986971 [Reply] [Original]

9.5% fall from peak

>>	Anonymous Sun Dec 2 20:50:31 2018 No.11987023 >>11986971 more likely 20%. prices are dropping much harder than they are reporting

>>	Anonymous Sun Dec 2 20:56:28 2018 No.11987072 >>11987023 yeah their median formula is 'interesting'

>>	Anonymous Sun Dec 2 21:10:07 2018 No.11987195 lol you zoomers wont be able to afford to buy if it drops 90%

Anonymous Sun Dec 2 21:26:42 2018 No.11987342

My friend was renting a house in Melbourne that went up for auction and didn't sell. The agents were frantically negotiating in the weeks post-sale trying to get it sold.
Out of interest, my friend looked up the listing 2 months after the auction, when it still hadn't sold, and the listing said "Sold at auction". I wouldn't be surprised if this sort of blatant misreporting is rife.

>>	Anonymous Sun Dec 2 23:26:26 2018 No.11988304 >>11987342 Of course it is man, the real estate agents in this cuntry are fucking scheming rats. Don’t fall for the area meme, just live somewhere far away from poos, coons, nogs and fucking chunks and you will be fine (regional hubs). Fuck cities

>>	Anonymous Sun Dec 2 23:38:25 2018 No.11988431 Hopefully Toronto is next and it goes full on Detroit tier

>>	Anonymous Sun Dec 2 23:40:57 2018 No.11988455 >>11988431 10% would be a start, but we need 50%+ drops across southern ontario to get back to levels where the people in the local economy can actually afford to buy without putting themselves into precarious debt level

>>	Anonymous Mon Dec 3 00:03:51 2018 No.11988643 >>11986971 Thank fucking christ, bring this shit to north america.

Anonymous Mon Dec 3 01:17:28 2018 No.11989051

>>11988431
>>11988455
>>11988643
you guys are retarded hoping for this shit right now. both leafland and burgerland needs to ban chinks entirely. or it will crash and they will ban everything. trump has china by the balls right now it seems, but leafland is fucked with cuckdeau

>>	Anonymous Mon Dec 3 01:18:29 2018 No.11989059 >>11989051 or it will crash and they will buy everything.*

Anonymous Mon Dec 3 03:31:28 2018 No.11989772
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https://www.abc.net.au/news/2018-12-03/home-prices-record-fastest-falls-since-gfc/10576452

https://www.Smh.com.au/business/markets/off-a-cliff-house-prices-alarmingly-close-to-record-hitting-territory-20181203-p50jty.html

>>	Anonymous Mon Dec 3 07:54:05 2018 No.11991038 I would say more of a drop than 9.5 my PPOR purchased for 750 in 2012 would have been able to get 1.3 comfortably 2 years ago now it would struggle to get to 1.1

>>	Anonymous Mon Dec 3 08:28:27 2018 No.11991205 >>11988304 Ballarat you meant ? Have heard that a big industrial park is planned at wendouree

>>	Anonymous Mon Dec 3 08:34:15 2018 No.11991237 meanwhile 20% each year on europe, nice.

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