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Maybe skater wants to skate off elsewhere and buy in other places and be a bargain hunter ... Cliff

There have been quite a few members saying they wouldn't buy in Sydney at the moment , or for a while . Cliff

It does happen . I had a patient who had a multimillion dollar portfolio who ( according to him ) had never missed a payment . the bank manage reviewed his LVR's and requested more equity . A couple of years later he was bankrupt . I don't think it's common , but I also heard similar stories...

Northern beaches gets hit worse in some ways because a lot of the upper end places in Palm beach etc are weekenders ( yep would be nice to have five mill for a weekender ...) so when the top end is dead , it goes down as did the should side of port Stephens , corlette etc . Cliff

Anywhere can crash . When we bought our first north shore PPOR in 1994 , saw one place for sale in pymble ave in the 600's that had been bought for over 1 mill in he preceding boom . Cremorne to Mosman post GFC had some good bargains and northern beaches , in particular upper areas came down...