Witzl
Now...I eagerly await the response from the Naysayers!
I hope you correct . I just bought two entry level units lower north shore.
I just wouldn't be buying them out west though .
Last cycle , central located areas moved 50 % before the out west moved.
It's not called dead cat bounce for nothing . Prices go up in a dead cat bounce , and prices only go up because people are enthusiastic and competitively fighting for Properties . That why prices go , whether it's a dead cat bounce or the start of a sustained recovery .
We will only be able to KNOW which it is in RETROSPECT ...
let me repeat that .
We will only be able to KNOW which it is in RETROSPECT ...
Let me repeat that
We will only be able to KNOW which it is in RETROSPECT ...
If it's the start of a sustained rise , in about one years time it will be more obvious , at that stage people will still be able to get into the market and make lots of money in the next cycle . I missed the start of the last cycle by years and still did very nicely .
At that stage , no one here was debating whether prices were going to go up . The heated debates were over which places represented the best value to invest in . Obviously there were a few nay says , but none of them were taken seriously by the majority of the forum .
IF it's a dead cat bounce , and people over commit , they will be left holding mediocre properties in mediocre areas with rising unemployement leading to rental vacancies and falling rent and the prospect of a long period passing before sustained capital growth .
Let me repeat
We will only be able to KNOW which it is in RETROSPECT ...
Cliff