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RE: The collapse has begun. S&P downgrades Aussie institutions & the guy over the street can’t sell.
Looks like we sold at just the right time (two weeks ago). There has been some talk from various sources that the high is over.
Time will tell but I think you're right. My neighbor (inner-west Sydney) put his unit up for auction last week. The highest bid was $625,000 and his vendor bid came in at $680,000, so the property was passed in.
Indeed, time will tell.