Hypothetical Question - If Sydney Market Dropped by 50% say in the next 2 years how do you think it would effect other Australian cities?
Let's say apartments and houses in Sydney lost value on average of 50%. So a $700,000 property dropped to be valued at $350,000 for example.
3 Examples:
what do you think would happen with these 3 properties, would they also drop around 50% or what?
Let's say apartments and houses in Sydney lost value on average of 50%. So a $700,000 property dropped to be valued at $350,000 for example.
3 Examples:
- Brisbane $300,000 apartment
- Newcastle NSW $300,000 apartment
- Perth WA $300,000 apartment
what do you think would happen with these 3 properties, would they also drop around 50% or what?