26-03-2023, 09:01 AM
![](https://i.imgur.com/CLvY2jA.png")
Melbourne house values have declined 9.6 per cent in the 12 months from their peak
26-03-2023, 09:05 AM
26-03-2023, 09:13 AM
My friend takes three years to build his dream home. A few months to stay, rent another place for a few months and then sell away. The country becomes history for him.
26-03-2023, 09:47 AM
(26-03-2023, 09:13 AM)theold Wrote: My friend takes three years to build his dream home. A few months to stay, rent another place for a few months and then sell away. The country becomes history for him.
Why did he sell in a hurry?
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26-03-2023, 09:48 AM
(26-03-2023, 09:02 AM)Gstalk Wrote: Wah, can buy? So cheap now
The property prices there had gone up 20% during COVID, now pull back due to rate hike
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26-03-2023, 09:56 AM
26-03-2023, 09:57 AM
(26-03-2023, 09:56 AM)theold Wrote: Sold during Covid. Pull out. Need the money to buy and build another house in another country.
Wow, your friend is cross border property trader…do you know property prices went up 20% during COVID in Australia?
[Image: https://i.gifer.com/7ZqO.gif]
26-03-2023, 09:58 AM
26-03-2023, 10:02 AM
(26-03-2023, 09:57 AM)lvlrsSTI Wrote: Wow, your friend is cross border property trader…do you know property prices went up 20% during COVID in Australia?
Your friend built new home, likely in a remote location 15-20 km from the CBD, those properties near CBD went up a lot…it takes 10-15 years for new home prices to go up…if you sell within 3 years sure lose money one.
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26-03-2023, 10:03 AM
(26-03-2023, 10:02 AM)lvlrsSTI Wrote: Your friend built new home, likely in a remote location 15-20 km from the CBD, those properties near CBD Weng up a lot…it takes 10-25 years for new home prices to go up…if you sell within 3 years sure lose money one.
He looks at the surrounding regulations and not property prices.
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