All Topics / Help Needed! / Risky housing market

Viewing 6 posts - 1 through 6 (of 6 total)
  • Profile photo of clonesclones
    Participant
    @clones
    Join Date: 2005
    Post Count: 81

    Good article:

    “IT LOOKS like the median Sydney house price has now fallen 10 per cent, which is starting to qualify as a hard landing, not soft. Up to the end of June, according to Australian Property Monitors, the Sydney fall had been 8 per cent from the peak reached 18 months before. The fall in June was 1.3 per cent, and early indications are that the September quarter will see another drop at least as big as that, possibly bigger.”

    http://www.theage.com.au/news/alan-kohler/rates-risks-housing-market/2005/09/27/1127804474794.html

    Start taking your profits as quick as you can.

    Clones

    Profile photo of one-stepone-step
    Member
    @one-step
    Join Date: 2005
    Post Count: 8

    I just spent a weekend in Sydney, a taxi driver told me that there were a lot of vacancies in city apartment buildings…

    [blink]

    Profile photo of SellingSelling
    Member
    @selling
    Join Date: 2005
    Post Count: 11

    Here is Brisbane there are 4 houses for sale just in my street. They have been in the market for more than 6 months now.

    I am trying to sell all my IPs but it is been hard.

    George

    Profile photo of KRUPTAKRUPTA
    Member
    @krupta
    Join Date: 2005
    Post Count: 17

    Do you think the QLD market has now lost its charm or do you feel it is worth buying for the future population and economic growth predictions, ie south east QLD draft?

    Higly Motivated Investor

    Profile photo of AUSPROPAUSPROP
    Participant
    @ausprop
    Join Date: 2003
    Post Count: 953

    scary stuff. intersting that he even bothers referring to BIS, but nonetheless it is a good read. with 175% growth less a 10% decline I would be tempted to lock my profits in



    http://www.megapropertygroup.com

    INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

    Profile photo of GPSnetworkGPSnetwork
    Member
    @gpsnetwork
    Join Date: 2005
    Post Count: 313

    Sydney sure has slowed down and a fare few developers & vendors are desperate for a sale, great time for a buyer though, call me crazy but I just bought a property in Sydney to what is at last $40k under market. With very strong rental.

    I’ll be happy to hold on until the market corrects itself which is sure to happen.

    Otherwise great oppurtunities are still being created in QLD & WA. The fact is people will never stop buying, selling or renting real estate.

    Hope this helps.

    Roy H.
    L.R.E.A., Dip FS (FP)

    Guardian Property Specialists (GPS) is a research-focused company that specialises in sourcing and providing residential investment properties Australia wide!

    http://www.gpsnetwork.com.au

Viewing 6 posts - 1 through 6 (of 6 total)

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