What is Driving the Sydney and Melbourne Markets…. BOOM

Hi Guys
I have been playing in both markets and I would have thought by now we would see a cooling off and to a point I think some suburbs/areas in Syds West were starting to cool off but looking at what is happening today we seem to see Syd and Melb market continuing to boom.

From my research there is low stock in certain areas in Melb which is continuing to drive this market.

I believe the historical low interest rates is also driving this market.

However, booms don’t last forever. I personally think that if you are playing in these markets you want to be in the bread and butter areas to play it safe just my thoughts.

Anyone have any thoughts on these markets and why are continue to be very strong. Will you continue to buy in these markets?

For me I am out, perhaps a little conservative but I think its too close to the peak.

Marisa
MTR:)