Discussion in 'Real Estate' started by Billv, 25th Apr, 2009.
http://www.domain.com.au/Public/Art...ne=A pall of gloom, except for Sydney housing
IMHO, I am expecting prices to soften after the FHG bonus is reduced after 30th June 2009.
I hope you are right because I haven't finished buying yet.
At present, in Sydney there is a lot of pent up demand which will have to be met. As you know many first home buyers have been waiting for years and this is the best opportunity they've had for a long time to get into the housing market.
Hopefully they will all buy soon and things will get back to normal.
Depends how you define "normal"
I can't see too much of a price drop occurring immediately, as low interest rates will continue to pick up the slack and keep some momentum in the market. However, once the FHB's retreat (perhaps to save up the $7K in cash instead?) and activity wanes, there'll be some vendor conditioning to be done by real estate agents. There's still some unrealistic vendors out there.
Separate names with a comma.