A pall of gloom, except for Sydney housing

Discussion in 'Property Market Economics' started by BillV, 25th Apr, 2009.

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  1. BillV

    BillV Well-Known Member

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    more here
    http://www.domain.com.au/Public/Art...ne=A pall of gloom, except for Sydney housing
     
    BillV, 25th Apr, 2009
    #1
  2. AsxBroker

    AsxBroker Well-Known Member

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    Hi BV/Bill,

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

    Cheers,

    Dan
     
    AsxBroker, 25th Apr, 2009
    #2
  3. BillV

    BillV Well-Known Member

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    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.
     
    BillV, 25th Apr, 2009
    #3
  4. Jacque

    Jacque Jacque Parker Premium Member

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    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.
     
    Jacque, 28th Apr, 2009
    #4
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