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Thoughts on current market?


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On 06/09/2022 at 14:45, sleazius said:

The only thing to prop it up is new immigrants.

https://www.afr.com/property/residential/sydney-house-prices-fall-1-9pc-in-just-four-weeks-20220725-p5b4aq

or this one:

https://www.livewiremarkets.com/wires/sydney-house-prices-fall-at-their-fastest-pace-in-more-than-32-years

and here is an article talking about August:

https://www.abc.net.au/news/2022-09-01/house-price-plunge-continues-corelogic-proptrack/101392116

"CoreLogic's home value index slumped 1.6 per cent in August, the biggest national monthly decline since 1983."

CoreLogic has been predicting (incorrectly) a crash since I was in nappies

On 08/09/2022 at 18:35, James P said:

A few 993 turbos have traded off market lately, most would be very surprised at the high numbers these car are achieving 

You're right, I'd be very surprised. I know of two personally that have bought in recent months and they paid below what the market was asking.

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2 hours ago, PorkaDan said:

Been keeping an eye out, more and more are up for sale. We’re at 385 911s for sale on CS now, that was in the low 300s a little while ago.


 

 

Was up to 390 on the weekend, drops by 10 - 15 during the week, and up by 15 - 20 each Friday. The trend has been pretty consistent since March, each week the total number of cars either grows or is nearly flat. General trend being up.

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