Hi, I'm relatively new and this may already have been discussed.
I am wondering whether the Internet (all of us on this Forum, realestate.com.au, etc) is having a bigger impact on the housing market than is being attributed by most commentators.
Yes, interest rates are low, economic growth remains strong, population growth, particularly in Queensland, is high (I could post the latest demographic figures, if people are interested).
But, is internet searching for property having a bigger impact than most economists have realised?
How many of you own property interstate?
What else explains the property prices in places such as Adelaide, Tasmania, Beenleigh, Eagley and Ipswich, but some sort of equalisation brought on by more pure market knowledge?
Is the property market more closely approaching the supposedly pure price knowledge and behaviour of the share market?
Is this having a fundamental and sustainable impact on the nature of the market?
Is the liquidity of housing being impacted by the Internet?
What does everybody think?
I am wondering whether the Internet (all of us on this Forum, realestate.com.au, etc) is having a bigger impact on the housing market than is being attributed by most commentators.
Yes, interest rates are low, economic growth remains strong, population growth, particularly in Queensland, is high (I could post the latest demographic figures, if people are interested).
But, is internet searching for property having a bigger impact than most economists have realised?
How many of you own property interstate?
What else explains the property prices in places such as Adelaide, Tasmania, Beenleigh, Eagley and Ipswich, but some sort of equalisation brought on by more pure market knowledge?
Is the property market more closely approaching the supposedly pure price knowledge and behaviour of the share market?
Is this having a fundamental and sustainable impact on the nature of the market?
Is the liquidity of housing being impacted by the Internet?
What does everybody think?
