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    Default What's your opinion... do you think we are going to have a big housing crash?

    And if you do, do you think it will be quite soon, ie. this year?

    It kind of seems inevitable, but economists have been predicting it for so long now....

    What's your opinion?

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    Maybe, but I don't think it will be as bad as USA or other places like Ireland.

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    Buttoneska is offline Winner 2010- Most Community Minded Thread Award
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    I have no idea really, but my boss is a financial adviser and I overheard him saying that he doesn't think anything major is going to happen in next 12mths in terms of Australian finances/investments etc. He said it may drop a little but nothing huge.

    Whether house prices will come down??? He says that interest rates won't go down much so I guess that means maybe not?

    But who knows really?? Its all just a bit of a guess isn't it.

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    I don't think they'll crash but they might stagnant for a few years. Just like in the 90s.

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    I am in real estate, prices ( in Sydney ) have come down a little but they were over inflated anyway, we are still selling , especially anything under $750,000, I don't think things in our area will change much this year, there are a limited number of homes for sale and so far the last 2 weekends we have noticed open houses have been quite busy

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    hope so, we want an apartment in melbourne as an investment

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    Yes. Prices have already consistently fallen for the last 13 months without a crash - I still think there is room for a crash. Wait til China moves

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    Hannahly - sorry if this is a dumb question, but which move from China are you referring to?

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    Id like to hope so, i want to buy a house.

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    Yes I do. I think we are headed for very difficult times. It will start with Europe (it's already has) move to Asia and once Asia goes so do we.
    Unemployment will rise like it already is with major companies slashing jobs e.g Toyota, westpac etc with many other banks to follow. 30000 jobs where lost before CHristmas and I think that is just the beginning.
    Its not a good thing. Yes house prices will go down but so will wages and jobs.

    As crazy as it sounds I believe we are moving into a new era financial.

    Many real estate agents or people working in the finance industry say Australia is unique it is not. We have a major property bubble that will crash. Along with the rest of the country. We are not special or immune to a crash.

    Its just a matter of time. I think 2-3 years at most.

    Call me crazy but I think we are headed for WW3. America has to get out of the sh!t somehow.

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