Having been watching the market in Sydney ( upper north shore ) very closely over the last few months , I see no sign of it slowing down , if anything , the opposite .
Everything we've seen is selling at expectations or above.
Under 1.5 very hotly contested and plenty of buyers up to 3 mill and the top prestige properties are also selling
No sign of prices dropping any time soon in our neck of the woods .
Was interested to this see in
Christopher Joye's latest article in the AFR , although warning ( as always ) about property values being overpriced , he finished with the following comment
Melbourne values are appreciating more rapidly than Sydney, with both realising strong double-digit gains this year. Many pundits were fooled by the winter seasonal slowdown, which has been reversed. With banks promoting the cheapest mortgage rates ever, I suspect Australia?s nascent housing bubble will get bigger.
Cliff