When do you think the next boom will be

Ah the million dollar question. QLD has been quiet for some time now. Many people expected it to be this year but the floods have put that back and the mining tax may also be slowing it.

There will not be a true indication of prices for about another 12 months once alot of the re building have been completed. An agent I spoke to today regarding my property is that even once is has a schmick reno it will still be worth 10-20 percent lower that what it was originally worth.

I hope a boom does come soon as I am jealous of Melbourne and other cities that have taken off lol

blackwater

Am I the only person that thinks chasing booms is not ideal?

Why not simply look at the history of an area, current factors (eg floods), and forthcoming infrastructure?

Cheers to that.

Seriously I think people need to realise this:

Property goes up on average 10% a year.  So on a low-end property worth say, $300k, it goes up $30k in one year, while you sit wondering if the boom will come soon.  Get in the market, and stay in it for many years, and you will make money.  Hedging your bets on jumping in and out real quick and making a fast buck, you might just get your fingers burned.

Hi,

Maybe I'm naive but I am of the opinion that it is always booming… somewhere. 

Take care all.

Angel