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    People still investing in Australian residential property are just plain dumb

    ZIGGY Constructive critisism is good but their talk is usually on the destructive side. LB has sold his properties and now wants prices to fall so he can buy them back, it aint gona happen LB. You missed the train this time. Little Brains has invested his money in shares and he wants...
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    People still investing in Australian residential property are just plain dumb

    Tibor, Thats a lot of stock in just 2 RE offices. Can you find out if its mostly out of town investors who are selling? I haven't been following Logan much, have property prices there followed Brisbane in %CG? Bill
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    People still investing in Australian residential property are just plain dumb

    Brains, If you sell your place in Umina you won't be able to buy it back later. You are dreaming thinking that property prices will fall (particularly in the low end of the market where there are lots of potential buyers). Your town, Umina could see some slowdown but even so, I don't...
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    People still investing in Australian residential property are just plain dumb

    Reduced clearance rates in auctions doesn't mean that property prices won't keep on going up. Buyers will get over the recent interest rate rise very quickly when they see that its just media talk more than anything else. People will still buy because there is no other reliable...
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    People still investing in Australian residential property are just plain dumb

    Lilith, Its a supply and demand thing. You see, developers build new properties because they can sell them. When purchasing demand drops and considering that our population (at least in the larger cities) is on the increase, the demand for rental properties will increase. What do you...
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    People still investing in Australian residential property are just plain dumb

    Acey, It depends on where people buy these I/Ps. I believe that If the market cools off, the high end market in the large cities but also country towns and smaller cities will feel it most. In areas with constant demand, prices will continue to increase regardless of the RBA's...
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