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interest rates will be against most "emotions" over the next 12 months.
after that i will happily make these calls for BOOMS.
Inner City Melbourne.
Sydney CBD.
Broome, Geraldton, Perth CBD and coastal.
Brisbane.
Darwin (just wait for it - you'll all be kicking yourselves)
that said, the whole of Australia will be hot-hot-hot in about 12 months - but these places will be news-worthy.
no probs
i just feel that people that have jumped into elizabeth in the last few months may be a bit late in the short to medium term , but in the long term i am sure they will not lose.
but for a while it was the big buzz suburb here , and when it started getting the $ it was recently , i must admit i have been scratching my head.
IMO places closer to town will go from ordinary suburbs to sought after suburbs ( have already to a point , like clearview , woodville , dover gardens etc) but elizabeth will always be elizabeth and i just cant imagine it ever being a suburb people will (generally) live in because it is a nice suburb , not in my lifetime , anyway.
who knows though , i remember when chadstone was the pits in melbourne
Luxury suburb still rises. Top 5% people are making much more even with further 2 interest rate rises next year, compare to what they are making 3 years ago.
As long as China&India stay robust (which show no sign of slowing), porsche suburbs will keep going.
however tightening morgage conditions will affect outer suburbs. the interest rate / sub-prime / chinese inflation issues may come together and peak in mid 2009-10. from there we gonna see a much wider gap between two speed economies, if we are not heading to a correction.
scary how much we agree steve - and i know you have been a HUGE supporter of elizabeth and surounds - and rightly so , but even you must agree that its done and dusted , and its onto the next.
(it dissapointed me it took so long for you to reply when i mentioned the word elizabeth )