Is it still booming?

Viewing 7 posts - 1 through 7 (of 7 total)

fullout
Member
@fullout
Join Date: 2003
Post Count: 233
September 16, 2003 - 12:14 am
Is the market still going up? I heard its going to do so till around 2006?
richmond
Participant
@richmond
Join Date: 2003
Post Count: 831
September 16, 2003 - 12:21 am
Hi.
I think it’s still going up in some areas (ie Qld) flattening in others (Melb seems to have steadied) and dropping in others (inner city apartments)
As for it continuing to surge until 2006, I’m not sure… there’s apparently a pretty good chance of an interest rate rise before Xmas, hence the Prime Minister’s increased likelihood of calling an early election before they go up…
Cheers
r
sabwal
Member
@sabwal
Join Date: 2003
Post Count: 16
September 16, 2003 - 1:01 am
[]I am exhausted. I have checked out domain .com property.com realestate.com and I cant seem to find any realestate for cashflow.
any Ideas? help!
Sabwal
soleil
Member
@soleil
Join Date: 2003
Post Count: 25
September 16, 2003 - 1:07 am
For what it’s worth, the prices where I live (regional Vic) are still rising. No positive flow properties, but as far as the boom is concerned, it’s definately still strong here.
Finnie
Member
@finnie
Join Date: 2003
Post Count: 9
September 17, 2003 - 7:55 am
quote:
For what it’s worth, the prices where I live (regional Vic) are still rising. No positive flow properties, but as far as the boom is concerned, it’s definately still strong here.
I totally agree with your comment. As a new investor, I have been looking at regional Vic. properties. Some areas are booming. Eg: parts of Gippsland. Since doing investigative work from July, prices still appear to be moving. Only fear I have is a surplus of homes at some point in the future and to many choices for tenants!
[]
soleil
Member
@soleil
Join Date: 2003
Post Count: 25
September 18, 2003 - 2:24 am
I’m worried about the same thing… every second person is looking for investment houses now, rather than their own place.
When I visit my dad’s real estate agency, every five minutes someone rings up asking “what sort of rent would that property bring?” or “do you have any good investment properties for sale?”
I’m concerned that this will mean a huge surplus of investors with vacant properties…
Finnie
Member
@finnie
Join Date: 2003
Post Count: 9
September 18, 2003 - 2:54 am
quote:
I’m worried about the same thing… every second person is looking for investment houses now, rather than their own place.
When I visit my dad’s real estate agency, every five minutes someone rings up asking “what sort of rent would that property bring?” or “do you have any good investment properties for sale?”
I’m concerned that this will mean a huge surplus of investors with vacant properties…
I was talking to our contact, realestate agent in Gippsland. Interesting enough she said that rural properties in the $200K+ price range, she would not touch for investing for tenant occupacy. Reason being: rent affordability and surplus of houses. Hence I am now focussing my energies in other areas where there is lesser homes, yet growth population and potential in the area.[8D]