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Agree, but if i am buying a property for around 2-250k i can find ones with a PE under 20, which i feel is pretty good for property. It is also only 3.9 times the median income so is still 'affordable' so to speak. If prices are going to drop it will be the houses in the middle band of suburbs that are already priced >6x income imoOr i could be wrong and there could be a huge crash, who knows?
Agree, but if i am buying a property for around 2-250k i can find ones with a PE under 20, which i feel is pretty good for property. It is also only 3.9 times the median income so is still 'affordable' so to speak. If prices are going to drop it will be the houses in the middle band of suburbs that are already priced >6x income imo
Or i could be wrong and there could be a huge crash, who knows?
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