I know there isn't one market ... but take this from an east coast centric view point . Melb , Syd, Brisbane.
Cliff
Cliff
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I know there isn't one market ... but take this from an east coast centric view point . Melb , Syd, Brisbane.
Cliff
Is there no circumstances under which it could be lower in 3 years than it is now? Just sayin...
it will be a 20 to 50% rise. there'll be bumps and scares along the way but China will still need what we have to sell. My little 2 bedroom aparments in randwick will be worth over a million dollars each!
impossible to lump 3 completely different cities together
I am considering selling my apartment in Sydney in this area (Coogee Beach, owned it for 20 years) and have made sales enquiries already.... would the consensus at the moment be better to wait a little ? The current appraisal seems very high & I couldn?t see much further upside but then I don?t live in Sydney anymore. I?m more afraid of a significant downward correction and don?t want to chase a dropping market, better to sell near the peak.agree ausprop. I'm just referring to sydney, and only specific locales close to the CBD and beaches. It really wouldn't amaze me to see a standard but well maintained 80 square meter apartment in a block < 10 units and walking distance to shops and beach go for $1m.... Randwick/Clovelly
Actually no . They have this thing called statistics ...
Cliff
I?m more afraid of a significant downward correction and don?t want to chase a dropping market, better to sell near the peak.
I am considering selling my apartment in Sydney in this area (Coogee Beach, owned it for 20 years) and have made sales enquiries already.... would the consensus at the moment be better to wait a little ? The current appraisal seems very high & I couldn?t see much further upside but then I don?t live in Sydney anymore. I?m more afraid of a significant downward correction and don?t want to chase a dropping market, better to sell near the peak.
I am considering selling my apartment in Sydney in this area (Coogee Beach, owned it for 20 years) and have made sales enquiries already.... would the consensus at the moment be better to wait a little ? The current appraisal seems very high & I couldn?t see much further upside but then I don?t live in Sydney anymore. I?m more afraid of a significant downward correction and don?t want to chase a dropping market, better to sell near the peak.
Hi JoeE
I would definitely hold on yet, its still early days with Sydney, I think Syd have plenty of upside yet.
MTR