You're welcome. I've got friends looking to buy in Melbourne right now... In Australia, houses are usually sold at Auction... and if a place was listed as being in the range of $500k-$600k it would often be sold for $800k... now my friends are saying that places are going at the top of the provided range... so $600k. Most younger people can't afford to buy in Melbourne or Sydney, so a correction in house prices is actually desperately needed, even though lots of people will lost money.
View this answer on Musing.io
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for that and I have heard mention that Sydney and Melbourne house prices have reduced a little in the last couple of months.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You're welcome. I've got friends looking to buy in Melbourne right now... In Australia, houses are usually sold at Auction... and if a place was listed as being in the range of $500k-$600k it would often be sold for $800k... now my friends are saying that places are going at the top of the provided range... so $600k. Most younger people can't afford to buy in Melbourne or Sydney, so a correction in house prices is actually desperately needed, even though lots of people will lost money.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
View this answer on Musing.io
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'd agree with this for the US and Germany. I personally think it'll be much, much sooner for other countries.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
View this answer on Musing.io
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
View this answer on Musing.io
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit