Sydney homeowners rush to sell with market peaking
"Double the number of homeowners have put their homes to auction this August compared with last year and already there have been 3000 properties go under the hammer this winter, with 724 homes up this weekend and more than 800 the next."
"The market continues to show signs of weakening," said Domain Group senior economist Dr Andrew Wilson"
To be clear, I don't think the market is in for a huge, earth shattering correction that some bears push - each to their own, and it "could" happen, but I don't think the current conditions support it.
I worked in the real estate market in London before the crash (central London), and spent the past 10 years working in the Australian market. Sold my agency a few years back and now consult with some of Australia's largest brands, as well as some UK agencies. (Just by way of background)
Have a bit more time on my hands now, so am keen to get involved in the conversations on here - realise there are a lot of strong emotions and characters, so will not get involved in the heated arguments, but will provide my views and thoughts.
