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National clearance rate up, but is Sydney cooling off?

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Your Investment Property | 29 Jun 2015, 09:46 AM Agree 0
Australia’s capital city auction market saw a slight uptick in its clearance rate last week, with figures from CoreLogic RP Data showing preliminary clearance rate of 78% last week, up from the 77.3% seen the previous week
  • | 29 Jun 2015, 04:39 PM Agree 0
    It will end in tears for many who have invested most recently.
    Those who think Australia is special, is making a mistake.
    Australia is not special and immune to falling house prices.

    Those who are investing so aggressive, must realise the Mining Boom is over.
    The Government is strapped for cash and revenue base has collapsed.
    The end of the mining boom, as well as the end of Australian manufacturing will filter through the economy eventually.
    This will cause
    - unemployment to rise,
    - government eventually winds emigration down,
    - less people migrate to Australia
    - housing demand reduces
    - house prices come down.
  • Frank | 30 Jun 2015, 06:30 PM Agree 0
    'Australia is not special ... house prices will come down' - just like the US ?

    so - being not special - makes us the same as the US ... ?
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