Melbourne Property Clock

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

fredo_4305
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@fredo_4305
Join Date: 2009
Post Count: 336
October 27, 2010 - 11:46 pm
What are peoples thoughts on where the clock currently is?
Alex Barton
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@alex-barton
Join Date: 2010
Post Count: 6
October 27, 2010 - 11:54 pm
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.
DWolfe
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@dwolfe
Join Date: 2009
Post Count: 1,253
November 2, 2010 - 4:56 am
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
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Scott No Mates
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@scott-no-mates
Join Date: 2005
Post Count: 3,856
November 5, 2010 - 1:47 pm
My 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.
DWolfe
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@dwolfe
Join Date: 2009
Post Count: 1,253
November 5, 2010 - 8:42 pm
Thanks Scott,
Have some marketing to get happening…. before the worm turns
D
DWolfe | www.homestagers.com.au
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ladyhawk
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@ladyhawk
Join Date: 2010
Post Count: 13
November 11, 2010 - 3:28 am
I had a feeling it was heading down…