What are peoples thoughts on where the clock currently is?
fredo_4305 wrote:What are peoples thoughts on where the clock currently is?Melbourne must be close to peak I'd say. The ABS data (released next week) should paint a clearer picture.
I'd vote peak and possible heading toward a decline.
In the back of API mag they have the cycle and where the "experts" think that each city is, having said that it still depends on the suburb as some are outperforming the market.
D
DWolfe | www.homestagers.com.au
http://www.homestagers.com.au
Email MeMy data (survey Aust. Property Institute) gives Melbourne sitting at 9.00 for April 2010 and only 10.00 for 2011 and 11.00 for 2012. So by its reckoning, there is at least another 2 -3 years growth however you'd be looking to get out by mid/late 2011 so you don't get stuck in a turning market.
Thanks Scott,
Have some marketing to get happening…. before the worm turns
D
DWolfe | www.homestagers.com.au
http://www.homestagers.com.au
Email MeI had a feeling it was heading down…
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