Re: Australia housing bubble
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Quote:
Originally Posted by CoolBFWagon
Just seen on the news that Westpac has raised interest rates today. (Cant remember how much buy).
They reckon a quarter of Oz mortgage holders are already under financial stress and could'nt afford and extra $100 per month on mortgage payments.
I think the Oz bubble is starting to burst.
All those years ago on this forum Dave289 was right after all!
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The error with Dave289's prediction is that he didn't expect a boom in prices first.
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