From: Gail H
Hi,
Real estate data is leading to headlines "Boom is over". Although there is a shortage of stock on the market, which is leading to some phenomenal results here and there, prices didn't increase over the March quarter.
Reserve bank has also warned of significant market correction in some areas of the market (like unrevovated shacks going for $600,000, but that's just my view).
Anyway, just some food for thought for Melbourne people who were wondering whether to rush out and buy.
Gail
Hi,
Real estate data is leading to headlines "Boom is over". Although there is a shortage of stock on the market, which is leading to some phenomenal results here and there, prices didn't increase over the March quarter.
Reserve bank has also warned of significant market correction in some areas of the market (like unrevovated shacks going for $600,000, but that's just my view).
Anyway, just some food for thought for Melbourne people who were wondering whether to rush out and buy.
Gail
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