With such varied opinions on the GFC and where the economy is heading it is hard to gauge when to buy.
FHOGs and low interest rates are increasing the purchasing power and affordability of the lower end of the market and many different sources are establishing this through the amount of First Home Buyers running to the market.
Prices in the lower end is raising quite rapidly with inexperienced buyers basicly throwing money at vendors.
But even with all this spending there are opinions that the GFC still hasn't fully hit Australian shores and more unemployment is to follow.
How are we going to see this effect in the Property Market if unemployment continues? I can imagine the Mid to Higher end will drop further but will this in turn increase or decrease the amount of buyers into the lower end?
Which classes are going to be affected most from now, blue collared workers or white collared workers? This would obviously have a direct affect on who is buying and where people are buying right?
FHOGs and low interest rates are increasing the purchasing power and affordability of the lower end of the market and many different sources are establishing this through the amount of First Home Buyers running to the market.
Prices in the lower end is raising quite rapidly with inexperienced buyers basicly throwing money at vendors.
But even with all this spending there are opinions that the GFC still hasn't fully hit Australian shores and more unemployment is to follow.
How are we going to see this effect in the Property Market if unemployment continues? I can imagine the Mid to Higher end will drop further but will this in turn increase or decrease the amount of buyers into the lower end?
Which classes are going to be affected most from now, blue collared workers or white collared workers? This would obviously have a direct affect on who is buying and where people are buying right?