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  1. W

    Crash Imminent?

    It did happen in Ireland, but granted, Australia is a completely different market. Ireland went from potato farming to explosive high tech growth in the 90s then bust. At the bust end of the Irish, my former colleague (who I still keep email contact with) kept on saying some who tried to...
  2. W

    Crash Imminent?

    We did agree it was a bubble, just an interesting perspective from an Irish bloke who has lived through the US/Irish bubbles. He kept sticking to that x14 rent p/a rule + extras. He kept saying if the Chinese pulled the pin and negative gearing was abolished, it would IMHO and based on a...
  3. W

    Crash Imminent?

    Had a mate who over purchased in Mount Waverley for $870K for a 700m2 block within 600m of the train station. Fellas around him were flogging property for around the $700K mark. Not sure of the exact property averages around his area or whether he really way over purchased his property in the...
  4. W

    Crash Imminent?

    With articles like this http://www.smh.com.au/business/australia-could-be-hit-by-chinese-property-bubble-20141111-11kkdz.html and this http://www.smh.com.au/business/property/sydney-median-house-price-tops-1-million-20141112-11l0pm.html I've had a 5 year running friendly...
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