On eveings with Steve Austin (URL link below). Commentator discussing various global and national economic conditions and the topic of property valuations was raised – stated that property valuations were 40% to 50% overvalued and suggested various strategies to reduce risk profile.
Podcast should be available sometime Thursday (Feb 11 2010).
Link provided for member interest and discussion.
URL: http://www.abc.net.au/brisbane/programs/612_evenings/
UPDATE 13/Feb/2010
The Courier Mail Brisbane has an online article on the subject –
URL: http://www.news.com.au/couriermail/story/0,23739,26713220-3102,00.html
I don’t think property prices are that far over valued. I think if the government was to remove the negative gearing advantages then yes, we might see a decline in the price of property. But other than that I don’t think much could happen that would decrease properties by 40-50%
Ryan McLean | On Property
http://onproperty.com.au
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