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I still remember driving home one day from work during the GFC, and was completely shocked that (from memory) every second to third house was for sale. With a
by alfiedotwtf 9y ago
I still remember driving home one day from work during the GFC, and was completely shocked that (from memory) every second to third house was for sale.
With a lot of hot money going around Melbourne these days, low interest rates, and a daily influx of Chinese investors, it's a bubble that's inevitable going to implode.
...on Chinese investors - I used to be on Williams street by 6am every day, and without fail there two busloads of Chinese investors ready to look at the new apartments being built there.
The game now is, which side dries up first - supply of houses/appartments, or the demand of Chinese investors.