You're welcome. I've got friends looking to buy in Melbourne right now... In Australia, houses are usually sold at Auction... and if a place was listed as being in the range of $500k-$600k it would often be sold for $800k... now my friends are saying that places are going at the top of the provided range... so $600k. Most younger people can't afford to buy in Melbourne or Sydney, so a correction in house prices is actually desperately needed, even though lots of people will lost money.
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Thanks for that and I have heard mention that Sydney and Melbourne house prices have reduced a little in the last couple of months.
You're welcome. I've got friends looking to buy in Melbourne right now... In Australia, houses are usually sold at Auction... and if a place was listed as being in the range of $500k-$600k it would often be sold for $800k... now my friends are saying that places are going at the top of the provided range... so $600k. Most younger people can't afford to buy in Melbourne or Sydney, so a correction in house prices is actually desperately needed, even though lots of people will lost money.
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I'd agree with this for the US and Germany. I personally think it'll be much, much sooner for other countries.
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