Here's my best bet...
Next week there are over 1000 auctions booked in Melbourne alone which is huge for June, and clearance rates are already on the wane. And everyone who was drawn into the inner suburbs by the 'promise' of capital gains has already bought.
But I'm not looking here at whether prices will drop. Instead, due to the general shortage of stock, and population growth I wonder whether we'll see some catching up in the outer suburbs and regionals for a while. Punters will realise that spending squillions to get into the inner sanctum wont get them a quick profit anymore, so they'll settle for 'affordable'.
... what's your best bet?
Next week there are over 1000 auctions booked in Melbourne alone which is huge for June, and clearance rates are already on the wane. And everyone who was drawn into the inner suburbs by the 'promise' of capital gains has already bought.
But I'm not looking here at whether prices will drop. Instead, due to the general shortage of stock, and population growth I wonder whether we'll see some catching up in the outer suburbs and regionals for a while. Punters will realise that spending squillions to get into the inner sanctum wont get them a quick profit anymore, so they'll settle for 'affordable'.
... what's your best bet?