All Topics / Help Needed! / knowing peak prices?

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  • Profile photo of piratepirate
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    @pirate
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    July 14, 2008 - 12:48 am

    Hi
    this is a bit of a stupid question.. but i was wondering if there was a way to know if a suburb has hit their peak in property prices?
    Thanks.

    Profile photo of TracyDTracyD
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    @tracyd
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    July 14, 2008 - 2:01 am

    There are no stupid questions!
    You can get an idea when a suburb has a huge spike in value and then stagnates for a while ( sales drop off and houses sit on the market longer, meaning the buyers think it has become over priced). Keep in mind that this doesnt give you any idea how long prices will sit flat , because there can be many factors that may increase the value of the market in that area again.
    What suburb are you questioning? It may be a good idea to post a topic on the suburb to see what the forumites can offer,
    Cheers,
    Tracy

    Profile photo of piratepirate
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    @pirate
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    July 14, 2008 - 3:50 am

    thanks for the reply tracy.
    We're looking at buying a PPOR at rousehill, but looking at the some of the prices im thinking they're abit high? not sure if myu expectations are correct.

    Profile photo of Scott No MatesScott No Mates
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    July 14, 2008 - 1:48 pm

    You might consider looking at rental yield as your yardstick – as prices stagnate and rents increase, yield increases as well.

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