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RE: The tumbling housing market in Australia
Interesting. I'd not heard of vendor discounting being a metric that's tracked; but it makes sense and it's not telling a pretty story at the moment. It's not like interest rates can come down any further; so I can't see it having a happy ending.
Nope, it certainly won't end well for many. Yes, the industry tracks everything and obviously I have to stay apprised of all the information. Some of it is pretty frightening to be honest and considering housing is linked so closely to GDP...A lot of pain on the way for many.
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