Sydney: Home buyers line up for three days to purchase property

This seems to make very little difference to buyers in this area, probably because it's a privately run facility with predominantly inmates on remand and day release programmes from my understanding. Do you think Malabar/Maroubra has been affected by the presence of Long Bay?
Actually the same can be said for Silverwater / Newington. Jails don't really seem to deter buyers.

Anyway, it was just a cheeky comment :D ;)
 
In 30 years no matter what price you buy now, you will be smiling ear to ear.:D

Yeah I had posted something similar to your above post, but the general consensus were, yes, you will smile, but to what value, some maybe x2, x5, or x10 to your current purchase price
 
In 30 years no matter what price you buy now, you will be smiling ear to ear.:D

I dont think so this will be the case what goes up must come down that includes property. The economy and Australia as a hole will be a lot different in 30 years but it wouldn't surprise me if we have 3 different cycles of boom and bust and end up in this same position we are in now
 
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