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Cars For Sale (3rd Party Sites) Ebay, Carsales etc..


gav240z

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  • 2 weeks later...
On 5/17/2023 at 12:37 PM, gav240z said:

It's crazy that it can't sell. But that is the current market we're in.

Its funny the real estate market is picking back up due to no stock and heaps of buyers but the classic car market has good stock but no buyers 

 

Tell that to the RBA........ 

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On 5/31/2023 at 4:22 PM, JDM-TOY said:

Its funny the real estate market is picking back up due to no stock and heaps of buyers but the classic car market has good stock but no buyers 

 

Tell that to the RBA........ 

I think the Real Estate market recovery is a bit of a false dawn. Everyone is front-running the RBA re: dropping rates thinking prices will bounce/boom again. But I don't think inflation is anywhere near under control and I don't think the RBA is done raising rates - they should have gone hard, earlier and raised more quickly and more basis points, but they have jumped the shark on this 1 and now we are all experiencing more pain.

Of course RBA are not the only ones to blame on this IMHO. Government could be doing more to moderate energy prices and not run such crazy immigration numbers which is putting rents higher (rents and energy go into CPI calculation).

TL;DR - is more pain ahead.

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If I was Governor I would have raised rates to 4% when VN Commodore SS's were fetching $70-$80k at auction. Or 2 door WRX's were $117k...

I can't find the original video from Channel 9, but this video says all that needs to be said really. :)

https://www.facebook.com/watch/?v=778199276131654

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