I believe than “soon” there is going to be a much better time to invest in Australia.
Explain yourself on this statement please.
Thanks,
Steve.Hi Steve,
What I meant by that was, I believe that most of Australia has reached the peak of the property boom, as do many others.
When interest rates go up more than the .25% as they have recently, some people who bought the wrong property, or are geared too highly, i.e. using a large line of credit, will start selling -There will possibly be bargains galore!!….
Also, when certain towns have large vacancies, due to too many investors, they will sell also. An empty house doesn’t pay it’s way…
If anyone is a first time investor, I’d be hanging off a little while longer, and just wait and see what prices do.
Prices MAY drop a bit, (but of course they also MAY not). I’m no expert, this is just my personal thoughts…..
Good luck,[
]Del
G’day Steve…
Just to add to what Del has said… there is no such thing as an expert. Just an educated guess and like Del, feel this R/E Mkt has had it’s day for a year or two.
Please call back in 2005 for re-assessment !
Cheers
Bill… an educated guesser
Bill O’Mara
Real Estate,Mortgages,Share Market Strategies.
[email protected]
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