Okay,
A lot of articles I read where they interview so called experts or agents or analysts say that these people believe first 6 months of the year will be flat or slightly -ve and after that, in the 2nd half of 2011 the market will be back in full swing.
I don't understand their reasoning. What is going to happen in the next quarter to change people's attitudes.
Inflation is expected to be higher
Interest rates are expected to be higher
Cost of living is expected to be higher (flood levy, carbon tax would officially be announced as yay or nay, electricity costs to soar)
In NSW, its a given that the Libs will get in so people have already taken that into account, if it makes any difference for them.
I hear them going on about how the "fundamentals" will still be strong.
Are they talking about supply shortage? Is that the only "fundamental" they are arguing their case.
I do not want to make this a bear vs bull thread as there are enough of those.
To me it just seems like spruiking -get in now before they go up again in the 2nd half of the year.
PS: In comparison to above, received a brochure in the mail today from an RE agent saying that "now is the best time in 10 years to sell your house" as prices are at their highest.
A lot of articles I read where they interview so called experts or agents or analysts say that these people believe first 6 months of the year will be flat or slightly -ve and after that, in the 2nd half of 2011 the market will be back in full swing.
I don't understand their reasoning. What is going to happen in the next quarter to change people's attitudes.
Inflation is expected to be higher
Interest rates are expected to be higher
Cost of living is expected to be higher (flood levy, carbon tax would officially be announced as yay or nay, electricity costs to soar)
In NSW, its a given that the Libs will get in so people have already taken that into account, if it makes any difference for them.
I hear them going on about how the "fundamentals" will still be strong.
Are they talking about supply shortage? Is that the only "fundamental" they are arguing their case.
I do not want to make this a bear vs bull thread as there are enough of those.
To me it just seems like spruiking -get in now before they go up again in the 2nd half of the year.
PS: In comparison to above, received a brochure in the mail today from an RE agent saying that "now is the best time in 10 years to sell your house" as prices are at their highest.