From the 7 houses sold in my street in the last 18 months, 3 houses are back on the market last week... Nth-Est Melbourne.
Perhaps investors are starting to heed the message from the RBA and take profits... The problem is if people start running to the exit at the same time...We,ll have a bloodbath without doubt...
The only thing that gives me a bit of comfort is the fact that our sly politicians are bringing in 190000 migrants every year instead than the usual 70000.... That should keep the market crowded and improve their property portfolios... But at the same time our roads are jammed...hospitals and schools are full...but who cares...let,s make more money...
