Interesting article...
http://money.cnn.com/2007/06/15/pf/most_expensive_cities/index.htm
Sydney doesn't even make the top 20 (it just sneaks in at 21)
USD $4000 per month to rent a two-bedder in Moscow...
So what makes these cities so expensive... it can't just be population, since many are smaller than Australian cities. Who thinks Australian cities will appear in the top 20 over the next few years?
Does this mean Capital Growth may have no real limit... prices in high demand areas will always go up, indefinitely, and somebody will always be able to pay?
Sounds good to me!
Cheers, Shadow.
http://money.cnn.com/2007/06/15/pf/most_expensive_cities/index.htm
Sydney doesn't even make the top 20 (it just sneaks in at 21)
USD $4000 per month to rent a two-bedder in Moscow...
So what makes these cities so expensive... it can't just be population, since many are smaller than Australian cities. Who thinks Australian cities will appear in the top 20 over the next few years?
Does this mean Capital Growth may have no real limit... prices in high demand areas will always go up, indefinitely, and somebody will always be able to pay?
Sounds good to me!
Cheers, Shadow.
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