is that the property market is at an all time low. The good news is it might be reaching the bottom http://www.brisbanetimes.com.au/bus...rate-for-a-spring-revival-20120928-26qjp.html
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Timing is critical when you're buying near the top of the market like now when the bubble has just started to burst."It's not about timing the market... It's about time in the market."
wategos - when the bubble has just started to burst.
No secret, your graph says it all, unsustainable growth through a credit bubble. Now that's ended and prices will correct to long term averages as they have everywhere else around the world. Just 2 or 3 property bubbles left to burst, Australia included.So there's a bubble? And you know it's bursting? Please teach me your secrets
No secret, your graph says it all, unsustainable growth through a credit bubble. Now that's ended and prices will correct to long term averages as they have everywhere else around the world. Just 2 or 3 property bubbles left to burst, Australia included.
because that long term average is about 20-30% lower than where prices are now.If the long term average in australia is what its going to revert to...then we can all rest easy.
The long term "has been" quite friendly,
Why the fuss?
because that long term average is about 20-30% lower than where prices are now.
Long term average Price. Of course a return to mean could comprise of only a 15% fall over 5 years against a 15% rise in that long term average price.what average are you refferring to?
No secret, your graph says it all, unsustainable growth through a credit bubble. Now that's ended and prices will correct to long term averages as they have everywhere else around the world. Just 2 or 3 property bubbles left to burst, Australia included.
"It's not about timing the market... It's about time in the market."
"It's not about timing the market... It's about time in the market."