Banks have been on the ball 3 years back valuing things less...how many people sold out years ago and stuck money in low interest rates...they might finally win after 8 years of missing out
I have been looking near albury and houses are pretty cheap as is but if they fall in melbourne to prices like 200k l am buying for sure....been years of no opportunity with too many paying up...cheltenham was like 500k to 600k 750sq blocks
In 2000 roughly you could pick up a house near southland for 180 k thereabouts
Far out those times where great ...buy flip for 40k was great business...40k profit now great but you can't do crap with 40k
Personally l dont see massive drops but for sure people crazy paying ridiculous amounts for things
Anyway l dont care too much about what its worth its mine and worry more about stupid yearly rates that are ridiculous
Do we go to councils now and question them seeing they just kept lifting them?
As to land taxes and insurances do we start ringing up or do they just start offering cheaper prices etc?
