Sellers Walking Away From Hot Market = More Upward Price Pressure

[BayView]

Crikey, that does not leave much room for bottom fishers like me who insist on buying into the cheapest decile of an area's assets.

I feel a bit silly for selling my Perth portfolio ages ago. I've shifted the funds to Melbourne and although Bayside Melb (Seaford, Frankston) is improving it has yet to rocket (although it surely must, given some of the bargains that abound).

Places like Frankston, Dande-thong etc are the domicile of the lower income earner.

Based on how the job markets are these days, there is not much to cheer about for these folks - and tradies are quiet too.

Based on this, with confidence so low and jobs not plentiful, the bottom end will crawl along and not do much....

Always happy to be proved wrong, of course.

Must be time for another FHBG.