Can't wait for the day ...
http://www.abc.net.au/news/2015-02-...ction-after-million-dollar-price-dive/6077724
http://www.abc.net.au/news/2015-02-...ction-after-million-dollar-price-dive/6077724
Waiting for this to happen in Sydney .../
- Thread starter Success
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It's a sad story IMO but people should have known better.
They paid too much and the +15% returns were not going to last forever.
I drove past Collinsville QLD (a coal mining town) 6 months or so ago.
A previously buzzing town, now seems like a ghost town.
Only the workers club was still open and most shops were closed.
Will only happen in my opinion if Sydney gets nuked or population decreases significantly otherwise long term up is the only way.
Good luck with that...
You do realise for that to happen in Sydney, our economy would have collapsed with millions out of work, life savings wiped out, and general disaster for our population
YAY CANT WAIT!!!! BRING ON THE HOUSING COLLAPSE!!!!111ONEONE
Why would you wish that upon anybody?If you are wanting to purchase in Sydney and can't afford it (yet?), why not invest in another, cheaper, area first? Otherwise, you may be 'waiting' forever...
I find the OP's username quite ironic in relation to the content of this thread.
You're in the wrong pond if you can't afford Sydney. Plenty of other ponds with smaller fish all around the country.
