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From: Neil Iffland
Anyone game to give an opinion on the short term prospects for the Sydney housing market ?
I know there were a lot of people here forecasting late last year that the bubble was about to burst. And I was reading the latest Residex report based on the March 2002 quarter stats & they are predicting low growth rates over the next 12 months.
However in my area (Cronulla - Sydney south) the market is currently hot & prices appear to be rising quite rapidly.
So I'm glad I ignored the doomsayers & bought late last year. But I'm thinking I should wait before buying another ?
Anyone game to give an opinion on the short term prospects for the Sydney housing market ?
I know there were a lot of people here forecasting late last year that the bubble was about to burst. And I was reading the latest Residex report based on the March 2002 quarter stats & they are predicting low growth rates over the next 12 months.
However in my area (Cronulla - Sydney south) the market is currently hot & prices appear to be rising quite rapidly.
So I'm glad I ignored the doomsayers & bought late last year. But I'm thinking I should wait before buying another ?
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