Are the planets really in line for strong growth in medium term?
Some pundits suggest with increasing int rates and more to come early next yr that now is an even more compelling time to buy, particularly in Sydney, citing more of a buyers market with int rates going up, chronic undersupply of housing and resultant effect on rents (which has been talked about ad nauseum on this forum).
If you believe recent anecdotal opinions from 'gurus' such as John Edwards, Michael Yardney and others, you'd assume now's the time to separate the men from the boys so to speak....with those with nerves of steel and a good eye for picking well located properties at the 'right' price standing to make a killing in the next boom.
Does anyone actually agree with this? The market in better suburbs in sydney has had a bit of a run up over the last 12 months...actually quite significant, I would say, 10-20% from the lows of 2004. In fact, I would say we've had a boom of sorts...again.
Are we in a for a crash in housing prices sometime soon? Is now the time to be taking more risks, rather than less within reason of course, if one has a 'long term' view.
Some pundits suggest with increasing int rates and more to come early next yr that now is an even more compelling time to buy, particularly in Sydney, citing more of a buyers market with int rates going up, chronic undersupply of housing and resultant effect on rents (which has been talked about ad nauseum on this forum).
If you believe recent anecdotal opinions from 'gurus' such as John Edwards, Michael Yardney and others, you'd assume now's the time to separate the men from the boys so to speak....with those with nerves of steel and a good eye for picking well located properties at the 'right' price standing to make a killing in the next boom.
Does anyone actually agree with this? The market in better suburbs in sydney has had a bit of a run up over the last 12 months...actually quite significant, I would say, 10-20% from the lows of 2004. In fact, I would say we've had a boom of sorts...again.
Are we in a for a crash in housing prices sometime soon? Is now the time to be taking more risks, rather than less within reason of course, if one has a 'long term' view.
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