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Know of a couple Agency's almost being sent to the wall...
Who said the market wasn't hot?
Last two potentials - popped up on my alerts, took a day to do DD, about to submit offer, already under contract to someone else.
Darn
Assuming NIL suitable stock = yields not high enough, because there is currently more stock on market than anytime in Australia's history (plenty to choose from!).Our problem is we have LOTS and LOTS of clients with pent up demand and NIL suitable stock in many areas
Know of a couple Agency's almost being sent to the wall...
And properties being on the market beyond 12 months...
And the odd sale within 2 days!
Area? 'Tis a big country.
Assuming NIL suitable stock = yields not high enough, because there is currently more stock on market than anytime in Australia's history (plenty to choose from!).
Nope ... just no stock
Who said the market wasn't hot?
Last two potentials - popped up on my alerts, took a day to do DD, about to submit offer, already under contract to someone else.
Darn
So got a list of the "many areas" Rolf mentions?
So got a list of the "many areas" Rolf mentions?
Yes - Evand - I know two properties do not a market make, but I have been looking extensively, and talking to agents, on behalf of some interstate investors ... believe me ... in good investment suburbs very little stock.
When I read your first post I was about to respond with an answer similar to this one of yours.An area in Newcastle that is my stamping grounds ... you know ... one of the top ten in the Ryder report so every man and his dog is hunting it.
Go away lizzie........and I say that in the nicest possible way.
Ummmm, so that that don't have to pay more. Many people who took similar advice from the likes of Prof. S Keen did so to their detriment.Why join the greater fools ?
Oh yes, look at the CG chart attached for one of the suburbs we're talking about. Inevitable big slide? .......I don't think so.Sit back & enjoy the inevitable slide back down in prices.
Hardly falling when the chart shows good steady growth, surely?Resist the urge to catch a falling knife.