From the main headline on The Age website this afternoon; "Is panic buying sweeping our property market?"
I'll take her up on that; she is indeed old-fashioned to struggle with accepting half a million dollars as a low amount.
Regardless of what the housing market has done, is doing, or is about to do; I think that simple statement from the author of the article speaks volumes. It really says a lot to me about the difference in thinking between a reporter, and someone actually doing (ie, buying) what is being reported on.
Helen Westerman said:Fuelled by pennies from Kevin and emboldened by low interest rates, first home buyers and those in the 'lower-end' of the market of under $500,000 (call me old-fashioned, but I struggle to accept how half a million dollars is 'low'), have been the prime movers of this activity, prompting some commentators to start muttering about the appearance of a 'bubble'.
I'll take her up on that; she is indeed old-fashioned to struggle with accepting half a million dollars as a low amount.
Regardless of what the housing market has done, is doing, or is about to do; I think that simple statement from the author of the article speaks volumes. It really says a lot to me about the difference in thinking between a reporter, and someone actually doing (ie, buying) what is being reported on.