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A pall of gloom, except for Sydney housing

Discussion in 'Real Estate' started by Billv, 25th Apr, 2009.

  1. Billv

    Billv Getting there

    Joined:
    15th Jul, 2007
    Posts:
    1,796
    Location:
    Sydney, NSW
    more here
    http://www.domain.com.au/Public/Art...ne=A pall of gloom, except for Sydney housing
     
  2. AsxBroker

    AsxBroker Well-Known Member

    Joined:
    8th Sep, 2007
    Posts:
    1,448
    Location:
    Sydney, NSW
    Hi BV/Bill,

    IMHO, I am expecting prices to soften after the FHG bonus is reduced after 30th June 2009.

    Cheers,

    Dan
     
  3. Billv

    Billv Getting there

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    15th Jul, 2007
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    1,796
    Location:
    Sydney, NSW
    I hope you are right because I haven't finished buying yet. :D

    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.
     
  4. Jacque

    Jacque Team InvestEd

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    16th Jun, 2005
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    1,885
    Location:
    Sydney
    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.