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you should sell both of them as the price may go down even further, you may only get $200,000 for blacktown in 6 months time (peak oil and distance of Blacktown), Russell Lea you may lose around $50,000, so sell now before it gets worse, plus how secure is your job? recession cause unemployment
Hi, did i make you guys worried about your IP value in a few years? I am sorry but truth hurts sometimes. Yes, I believe Baby Boomer are going to crash the property market just like the way they pushed up the market in the past 10 – 15 years, they may not dies but they surely will DOWNSIZE their home, who would want to live in a 4 bedroom house when their spouse dies? who would want to look after a huge lawn when they can't barely walk due to diabetes and heart disease (Australia is the fattest nation in the world), a few baby boomer from my work has already sold their home in Sydney and moved to Tasmania, A SMALLER property, this will leave a large supply of property in future, so WAKE UP and get rid of your BAD INVESTMENT today, remember, only losers hold on to a loss…
I am a 28 years old full time working professional, i will NEVER buy a property for at least another 5 years, because its going to crash, i put my money in the bank (cash), and wait for the market to go down. Why should i rescue some greedy property investor from their huge mortage? i pay rent (much less than the actual interest on a mortage), i go to overseas holiday 3 times a year with my cash, in 5 years i can easily save $300,000 than i may consider buy a property, just may…. why do i believe the property will crash? because all the baby boomer are retiring and dying, their empty houses will change hand, there will be alot of empty houses, read this article
