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Hi MTR
I am very happy to hear that.... as most of my IPs are in Sydney
Also can you define "strong" or do you mean "stronger...?"
can you provide links to support your statement?
Hi MTR
I am very happy to hear that.... as most of my IPs are in Sydney
Also can you define "strong" or do you mean "stronger...?"
can you provide links to support your statement?
Thanks Fence for posting the link on Perth market.
Tell me more about Syd market, also interested in the Newcastle area
I cant see it "booming" as was the case in 2004. But now that prices have finally passed the median peak set back in 2007 i think we'll see a couple of years of 5-8%.Good luck to you guys in the West (of Australia that is), hope it is sustainable growth and sets a new benchmark for you.
not sure why there is talk of a downturn - what has the past 4 years been?
WA economy grows twice as fast China's:
The West Australian | Perth, WA, National & World News
I cant see it "booming" as was the case in 2004.
Have noticed a definite change since i wrote my last post. Houses still selling quickly and not a lot of price difference, however have noticed a big difference in the number of vacant rental properties and rents dropping slightly as a result.
In relation to the rentals Nemo.... Do you think that would have anything to do with the uncertainty in the market given possible shift of government with the upcoming election?
Jack
There is absolutely no mention of Perth in that article except for it's line on the graph along with the other capital cities.
Clearly since the low of 2012, it is Sydney leading the way with Melbourne and Perth following on closely.
Obviously Perth is sounding quite hot ATM and may easily take over the reins in this next phase, and rightly so as that is where all the action is for now it seems.
Interesting to note the Perth line on that chart showing only slight growth since 2007 compared to the rest...? Got some catching up to do according to that chart and we could safely say that is underway right now according to annectdotal evidence reported on here.
Good luck to you guys in the West (of Australia that is), hope it is sustainable growth and sets a new benchmark for you.
I bought a couple in Brissy this yr-wish I bought more. The market has been moving quite strongly in last few months and its becoming increasingly hard finding value within the 15km ring.
Sydney is hot, maybe too hot, Brisbane is slowly getting that way. Have no idea where to buy next in the sub $400/500K range.
I'll probably live to regret it but Tassie's a bit too left field for me. And if you believe the media, the economy is going from bad to worse down there.
I was thinking Adelaide or Canberra but my research suggests its a heated market down there too. Damn 5% interest rates. Can't live without it, can't get ahead with it.