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I totally agree (although I don't know how much they are paid). The standards of what passes for journalism seems to have slipped considerably. I read an article recently that was such a total cut and paste job that it was really hard to follow the thread of what was being said....in the end...

Well it is only averages. You cannot get a growth figure for "Sydney" :rolleyes: For example, Mosman units fell 1.7% last year. Summer Hill units grew 15.3% etc But overall, taken as a region, it grew by whatever %.

My data has it growing at 50.3% last year but bear in mind there were only 25 sales in all of 2009 - so statistically it is getting into the dodgy area :p The average number of sales seems to be about double that amount in a normal kind of year. Also to be noted is that although the median is...

But that's just the thing evand, the RE market is NEVER left to its own devices, the govt. is ALWAYS intervening in it to prop it up - FHOG, FHOB, stamp duty concessions, affordable housing initiatives, etc etc. The bottom line is that prices went UP in Sydney by over 12% last year and 18% in...

If you take the cynical view - yes I'd agree. But I've seen the exhausted looks on their faces and the "I don't care if you buy or not, someone else will" attitude they portray........ and that is pretty much how it turns out :cool: At the moment, it is whoever has the listings wins for...

That's the other thing that happens in a booming market. The selling agents get too busy to fix up their internet listings. It is just not a priority for them - and the poor dears look frazzled at the Opens - just taking names and numbers.

Similar experience here for me today too. Got in a line of 50-60 to inspect a 3brm unit that needed a new kitchen and bathroom - and I mean they really needed to be replaced - the bathroom was black with mould. This is going to sell for $420-430K and there were many Indian & Asian people wanting...

Metro / Inner West - yep. I'm not sure what BC fees you have in Melbourne. Sydney examples: 1. 4 units in an Art Deco block $300 per qtr (all OO and self managed) 2. 12 units in a block (3 floors) $550 per qtr (no lifts or pools) ....all seem pretty reasonable to me. The high ones -...

I think Trogdor, Melbourne has seen more growth in 2009 than Sydney. For $450K 2brm unit here were are looking at $420pw rent perhaps. Yields have fallen from 5.2% back towards 4.x% due to price increases and rents are still playing catch up. But that is fairly typical I would have thought...

I respect your right to disagree. Perhaps I am influenced too much by the crowds I have to fight off when I'm trying to inspect places. Just this week on a Thursday night at 6:30pm, surrounded by storms, I had to really struggle to get in to see a property - must have been 50+ people all at once...

I know that is said TIC :p But Mmmmmm, yes I just did a round of letters prior to Christmas - instead of sending out cards :cool:. With the 60 days notice you've got to give, they'll all be kicking in during Feb :D

From Michael Yardney's latest newsletter (his title not mine): I could not agree more. It is shaping up for a busy year. I've been to a number of OFIs over the last 3 week-ends and there are many more buyers than there is stock to buy - pushing up prices (the old supply/demand equation)...