From: Simon and Julie M
Hi all
We have been progressively buying property in Canberra for the last 10 years. We have experienced rises and falls in the market.
From our experience and studying history an interesting thought came to mind in regard to market indicators.
We have noticed when the R/Estate market is weak rents are strong, until the crossover transition from tenanting to owning takes place. Because of this the market strengthens, the rents level out then because of over supply etc. they then decline and the process repeats itself.
My question is :
Is this a true market indicator? and if so does it hold true for all real estate markets (in particular, Gold Coast)?
Would appreciate your thoughts
regards
Simon
Hi all
We have been progressively buying property in Canberra for the last 10 years. We have experienced rises and falls in the market.
From our experience and studying history an interesting thought came to mind in regard to market indicators.
We have noticed when the R/Estate market is weak rents are strong, until the crossover transition from tenanting to owning takes place. Because of this the market strengthens, the rents level out then because of over supply etc. they then decline and the process repeats itself.
My question is :
Is this a true market indicator? and if so does it hold true for all real estate markets (in particular, Gold Coast)?
Would appreciate your thoughts
regards
Simon
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