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
I just spent a weekend in Sydney, a taxi driver told me that there were a lot of vacancies in city apartment buildings…
[blink]
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
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
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.comINVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT
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!
You must be logged in to reply to this topic. If you don't have an account, you can register here.
