“Here’s a tip on home buying: prices are now ripe to fall”
Mr Jenman had an article in Saturday’s Courier Mail on what he thinks the market will do.
“In much of Australia property is greatly overpriced. The boldest forcasters say prices are typically overvalued by 20%. For some types of property, such as apartments sold by some developers, prices may fall by as much as 50%, according to one of the countires most respected valuers”.
He believes many investors could create a “Madnees of the crowds” mentality and will soon start to sell causing the market to drop in value.
Probably find the articale in the Courier Mail website if anyone was interested in reading it.
Any comments on Mr Jenman?
Courier Mails also had an articel on Rental yeilds. Stating that the 2003 sept qtr had a -% in rental yeild compared to 2002 sept qrt. The biggest being Ipswich @ -2.74%, but Median house price had risen 64.71% The best being Rocky at +0.57% growth, but a -0.95% in the Median house price. Interesting?
This should be on their web site as well in anybody is interested.
Jarrod
Jarrod Lane Real EstateMay be because of this type of articles that make people fears and therefore sale their IPs. If you don’t have IPs in the CBD who care.
I don’t think it will affect much 5km outside CBD. If it is then tough luck, that is life, live with it or go some where else.
Also, that is why the ‘BOOM’ and ‘BUST’ exist and the property cycle exist.
Warm Regards
ChanDollars
[Keep going, you’re nearly reach the end of financial freedom]
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