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DAAJ said:If western Australia has had its run which part of the country is next?.
Dom
Medine said:I think that Pitt St's point is that over the past 20 years or more, property booms in Australia have progressed from:
1. Sydney
2. Melbourne
3. Brisbane
4. Other capitals
So, unless you perceive a fundamental change in the Australian economy, you'd expect that property booms will follow the some pattern over the next few years.
Cheers, Medine
Smile said:That data to 2004 is a tad out of date.
Do you have to let everyone in on it Rix? Shhhh.Rixter said:Brisbane, Melbourne
DAAJ said:If western Australia has had its run which part of the country is next?.
Dom
oc1 said:A place called the Australian Stock Exchange
Cheers
OC1
Rixter said:Isn't it already booming there now?
Ahhhh now if only one had an above average exposure to the Perth property market & the ASX and they were both booming at the same time - Show me the money
I think you look at the market when you can afford to buy....that should be your over-ridding factor....also, interest rate moves on such a small scale (ie 0.25%) probably don't have as much influence on property prices as some people believe.DAAJ said:...this could be a serious time to look into the market
So he thinks prices will go down because interest rates cause less demand? Maybe at the higher end of the market, but not so much at the entry level...and anyway, it's false economy - you might pick that house up for a better price than two weeks ago, but now you're paying a higher rate on the loan.DAAJ said:A rise presents opportunities to find property bargains.