Hey all,
I watched this on Today Tonight, i found the link and for those who didn’t get a chance to see it can read it here.http://www.todaytonight.com.au/stories/820568.html
An interesting point that was mentioned was that it is now a buyers market, but it all depends when you get in to purchase your property, the prices will start to drop in some areas. Brisbane has still yet to have its boom like Sydney and Melbourne, but i am pretty sure its not going to happen this time.
Interest rates were also mentioned, with there most probably going to be one rise in the interest rates. A lot of people are saying they are trying to make the Property bubble burst, but they are denying it.
Anyway its an interesting read. I would like to see your comments.
Cheers Matt
“If you do what you have always done, you will get what you have always had.”
“Isn’t it time for a change?”
Melb auction clearance rates down to lowest in 13 years eh (53%)? No kidding! Of 23 auctions in my suburb and the two surrounding suburbs at the weekend, just 1 was sold. The 3 that i went to had nothing but vendor bids! (Made for an exciting Saturday [
]It was interesting that the BIS Shrapnel guy predicted a flattening out of the market in Sydney and Melbourne at worst. Seems to be one of the few experts with little or no vested interest in avoiding a crash, who has actually forecasted without doubt stability in those cities. (From what i have read anyway).
…Congratulations to Mrs Kleinmann too… [
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YI.“Knowledge is Power”
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