Buyers Agents: Buy Now!

[always_learning]

I was interest in what Peter Kalaher MD of buyers agents PKProperty in Sydney had to say:

Market Set to Soar

With school holidays finished the market is predicted to move at a solid pace right up until Christmas, with a strong January also coming into play.

Interest rates are forecast to move up another .5% by the end of 2004, but I doubt very much that such a small rise will affect the property market.

Supply and demand is still a key factor in property market fluctuations, together with interest rates and low unemployment. The fuel that is driving this property market is not going to go away overnight, so if you are waiting for everything to fall into a heap so you can score a bargain, you will be waiting a long time.

Over the next two years the market might go up conservatively another 30% and should it come off, historically it doesn't come off 30%, it comes off around half that. So at the end of the day, should you buy now there's a good chance you will be ahead of the ballgame.

When was that ? well
17 October 2003 at least he was right about one thing, prices have eased only half of the 30%!

Turn the clock forward one year to 5-Nov-2004 and he writes: "Market has turned" and of course it was a "great time to snap up a bargain"

If you are a Buyers Agent or a Real Estate agent now is always a good time to buy or sell...just do it, and do it often!

 

[Punchy]

I've got my heart set on Dot com shares.

 

[quiggles]

At lest it's better than brokers who simultaneously scream at you "buy now AND sell now!"

To every thing (churn, churn, churn)
There is a season (churn, churn, churn)
And a sale for every purchase - we're in heaven!

 

[likewow]

At lest it's better than brokers who simultaneously scream at you "buy now AND sell now!"

To every thing (churn, churn, churn)
There is a season (churn, churn, churn)
And a sale for every purchase - we're in heaven!

hehehe.....love The Byrds analogy.