Hi
The well known Michael Yardney has said in his latest newsletter: "In fact I think Darwin represents a bit of a property bubble for Australia and is probably at around the same stage that Perth was about two years ago.... In fact I would caution that Darwin property values will drop as we head into 2010, just as we saw occur in Perth two years ago and Sydney six years ago".
I have a 3 bed appt in Darwin bought in Nov 2005 - going by the above, now is a good time to sell it... what do you think?
I paid 460K in Nov 2005, one agent says it's worth 520K now, another agent says its worth 550-570K (such discrepancy being another issue I am trying to work out right now!)
Any genuine advice highly appreciated!
Thanks.
The well known Michael Yardney has said in his latest newsletter: "In fact I think Darwin represents a bit of a property bubble for Australia and is probably at around the same stage that Perth was about two years ago.... In fact I would caution that Darwin property values will drop as we head into 2010, just as we saw occur in Perth two years ago and Sydney six years ago".
I have a 3 bed appt in Darwin bought in Nov 2005 - going by the above, now is a good time to sell it... what do you think?
I paid 460K in Nov 2005, one agent says it's worth 520K now, another agent says its worth 550-570K (such discrepancy being another issue I am trying to work out right now!)
Any genuine advice highly appreciated!
Thanks.