In my opinion the dooms dayers on this forum waiting to "clean up" after the much anticipated bust are going to be very disappointed.
Sydney auction clearance rates for the last 5 weeks shows no sign of slowing with another strong result today Saturday 20 June of 83% following on from the last four weeks of; 82%, 84%, 83% and 82%. These results more impressive considering it's winter.
Australia has the fastest growing population of any country in the world. NSW is forecast to have an annual population increase of 100,000 with 80,000 a year for the next 15 years in Sydney. Definitely a healthy correction coming but don't hold your breath waiting for the bust.....supply and demand wont allow it.
Sydney auction clearance rates for the last 5 weeks shows no sign of slowing with another strong result today Saturday 20 June of 83% following on from the last four weeks of; 82%, 84%, 83% and 82%. These results more impressive considering it's winter.
Australia has the fastest growing population of any country in the world. NSW is forecast to have an annual population increase of 100,000 with 80,000 a year for the next 15 years in Sydney. Definitely a healthy correction coming but don't hold your breath waiting for the bust.....supply and demand wont allow it.