State of the market

[Phil_H]

Hi all :)

Heres an interesting article from the Financial Review
about the state of the property market.

Plenty of life left in real estate market (http://afr.com/property/2003/05/08/FFXA8NG7EFD.html)

Cheers

Phil

[WillG]

Hi Phil,

How do you see Canberra in the next 12 months ?

[coolstyle]

Good Stuff Phil_H ..

A quick read and as a looking to buy 1st IP investor, that article frightened me. From my perspective the facts in the article say, ... negative content masked by positive headline.

The big sales (2mill+) going against the expected trend is a different market to the average 'easily rentable' house / apartment.

I beleive the market must be set for a big bust if, with rates so low, some area's of the market are finding room to level out and even drop - although inner city apartments make up a lot of these, the flow effects should not be ignored.

I can't imagine what would be happening now if there was talk of rates rising! ...

Regards,
CoolStyle