Originally posted by Davo36
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I can tell you of the opposite that happended to me. Circa 2008 with the merkets crashing a 5br house with views of the opera house, harbour bridge and obviously the harbour came to market for $1.5m - about 60% of what I thought it was worth at the time and about a 3rd of what it’s worth today even after the recent pullback in the Sydney market.
I had finance approved but given the uncertainty at that time they only wanted to lend 60% - I had to come up with $500k+ fast. The property got snapped up fast before I could free up the cash.
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