Ipswich

[Arnoldus]

just had a chat with an agent in ipsiwch,

surprisingly , every agent ive spoken to has said either the market is hot or about to get hot,

but this agent has said, things are going backwards,

prices havent risen that much in two years, and the election result etc etc he is seeing some properties sit on the market for ages and prices going backwards in some areas,

is anyone else experiencing this???

I haven't had anyone comment that the Qld election result is a cause of poor sales.

Slow and steadily rising unemployment, and low wage growth off an already low base will not do good things for increases in rent and CG.

I think a lot of the increases in values in Ipswich and Logan and other satellite cities around Brisvegas are/were predicated on a combination of yield-chasing, and the hope of gentrification and increased wealth in these areas that just doesn't seem to be happening as fast as folks would hope.