Dear All,
If you know what property clock is, can you please shed some lights where big cities are sitting? I believe Melbourne is at 9 o'clock and Perth and Brisbane is somewhere between 5-7 o'clock. Please correct me if I am wrong.
Thank you.
property_avid | NA
Hi Ricky,
I assume you are referring to Steve McKnight's Property Clock from his third book, which illustrates that real estate market moves in cycles of price growth and decline
In my opinion I believe most of the growth has already occurred in Melbourne and that the 9 o'clock phase in Melbourne is ending i.e. there will not be any rapid price growths this year
Hope that helps,
Regards,
Kong
Hi Kong,
Yes, it is what I am referring to. But what about other cities?
property_avid | NA
Hi Ricky,
To be honest with you, I do not know about the other cities, and haven't done much research on Australian properties and market – I have mainly been focusing most of my studies on other asset classes such as shares and commodities.
However, if I was interested in the Australian market, I would consider buying reports from http://www.residex.com.au/ – this where a lot of property experts like Steve McKnight, and Dymphna Boholt get their information from.
Warm regards,
Kong
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