ust watching abs news tonight, and from what i can see the propert boom has hit the top, and on its way down again, anyone else see this, or can commnet?
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?”
Costello agrees with you…
http://www.news.com.au/common/story_page/0,4057,8704219%255E28793,00.html
Of course, if you read the article below, maybe the phenomenon is more pronounced in some areas than others.
http://www.couriermail.news.com.au/common/story_page/0,5936,8705291%255E952,00.html
James
My question is:
Is this a good or a bad thing?
I always hear that money can be made in both booming and declining markets. With all the money tied up in property at the moment, surely with interest rate rises and steadying RE prices, a lot of investors will look elsewhere for growth. A lot of ‘investors’ still think that negative gearing is the way to go, and don’t regard rental income, only capital growth as the source of income.
Any thoughts?
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