Hi All,
First of all I must say that in reading this forum for the past month or so I have learned more than I could ever have imagined. As they say, no matter how much you think you know, there is always somebody out there who knows more!
Anyway on to my post. I read an article over the weekend regarding the seemingly ‘doomed’ inner city market. Their take on it was that the general economy (non property) is at the bottom of it’s cycle, or just about starting upwards, while the property market is at the top. While inner city units will be hardest hit short term, once the general economy picks up, resulting in more investment money going back to shares, and more jobs drawing more people in to the city, as well as more new projects being cancelled the currnet oversupply will be wiped out within about 2 years. Then that market, which is now so vulnerable, will again start to take off.
Any comments on this viewpoint?
sounds like a fair arguement. would have thought 2 years a bit short. timing is anyones guess
cheers
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