If Sydney Market Dropped by 50%?

Hypothetical Question - If Sydney Market Dropped by 50% say in the next 2 years how do you think it would effect other Australian cities?



Let's say apartments and houses in Sydney lost value on average of 50%. So a $700,000 property dropped to be valued at $350,000 for example.



3 Examples:

1. Brisbane $300,000 apartment


2. Newcastle NSW $300,000 apartment


3. Perth WA $300,000 apartment

what do you think would happen with these 3 properties, would they also drop around 50% or what?

If Sydney Market Dropped by 50%?