hDt Posted November 10, 2006 Report Share Posted November 10, 2006 http://www.property24.com/Property24/hub/G...?articleid=4318I'm not a property expert - maybe some comment from you guys in Aus side? Quote Link to comment Share on other sites More sharing options...
sebr Posted November 10, 2006 Report Share Posted November 10, 2006 Maybe not such bad news if you still have to buy... Quote Link to comment Share on other sites More sharing options...
rsteyn Posted November 10, 2006 Report Share Posted November 10, 2006 HiI agree its great news if you still have to buy property. The only trick is to get it at it lowest point.CheersRudi Quote Link to comment Share on other sites More sharing options...
Springbok Posted November 10, 2006 Report Share Posted November 10, 2006 The Reserve Bank of Australia's Cash rate target has recently been moved up to 6.25%....the highest level in 6 years. The previous highest peak before that was 7.5% in Dec. 1994 and it seems that rates are on an upward trend, which could put a brake on growth in property prices. Quote Link to comment Share on other sites More sharing options...
Mara Posted November 10, 2006 Report Share Posted November 10, 2006 I don't know about that, perhaps here and there, but overall the housing market is still doing pretty well from what I hear!Mara Quote Link to comment Share on other sites More sharing options...
Riekie Posted November 10, 2006 Report Share Posted November 10, 2006 It is definitely a buyers market at the moment! but you can not measure property performance over a period of only 24 months. Property values in Aus DOUBLE every 7 years - and that's a fact. It will go up & down quite a bit during that period. So if you are investing in property, hold onto it for at least 7 years before you sell..... Quote Link to comment Share on other sites More sharing options...
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