WOOHOO, and another predicted rate cut next week.Well Sydney and Melbourne tend to move somewhat closely. And that's 60% of the country.
Double woohoo.
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WOOHOO, and another predicted rate cut next week.Well Sydney and Melbourne tend to move somewhat closely. And that's 60% of the country.
I know this is a tangent to this thread, but if we stretched the horizon out (or maybe shorter depending on when and how fast IR rise), does anyone think there will be a stabilising or correction with people selling who have budgeted at today's rates rather than taking into account an increase in the IR (as the doomsday media is saying...)??
Oh, but for the record, I think that prices will increase by 5-20% in the next 3 years as if there would be a correction, it would occur in 5 or more years.
Well Sydney and Melbourne tend to move somewhat closely. And that's 60% of the country.
certainly not last time when melbourne went off in the middle of a financial collapse. I wasn't aware of an historical link between these 2 cities but I haven't really followed them much pre-2000
certainly not last time when melbourne went off in the middle of a financial collapse. I wasn't aware of an historical link between these 2 cities but I haven't really followed them much pre-2000
I think there is a danger of seeing patterns that aren't there - Lomas's theory that melb broke ranks during the gfc makes sense to me. she reckons melbourne faces imminent correction - I have no idea about that, tho given the mining downturn that would stack up, even tho the mining collapse has ended for now.
Well if the past 6 months are anything to go by, she's been proven wrong.
Brisbane might take another couple of years before it starts moving again i think.
why would you say that? to me it stands out as the most prime to go (major) market in the entire country
i would certainly be buying in brisbane - represents the best buying value to me.
Why do you think it will "go"?
some reasons off the top of my head... it hasn't performed for a long time, the collapse of the mining boom has ended and Brisbane is quite exposed to that, it will benefit of the cheap effect vs Syd/Melb, property generally has wind behind its sails for the foreseeable future.
this question may be better phrased as why not?
Can you elaborate?
gees give her a chance, she only said it 2 days ago