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  • Profile photo of BullmarketBullmarket
    Participant
    @bullmarket
    Join Date: 2007
    Post Count: 51
    Profile photo of Scott No MatesScott No Mates
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    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856

    each capital city market is different. The past is no indication of future trends. Government policy has a greater effect on prices in the case of supply.

    Profile photo of gmh454gmh454
    Member
    @gmh454
    Join Date: 2003
    Post Count: 537
    jontapp wrote:

    Yes Sydney peaked in April 2004 at $530,000 and the last peak was March 2010 at $590,000. An increase of $60,000 over 6 years. What can that tell you about affordability??

    umm  ….. that next year it must jump $470,000 to $1,060,000  …..  well it's seven years, is it not.. must be the time to buy…

    wonder what the rent on $1,060,000 would be …maybe 450 pw, …. but think of the tax break…

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