property update, page-7

Hi andre how u been?

I think the market will drop over the coming years.

The ones that are pushing the prices are all the investors. All a matter of supply & demand.

When the stock market was running hot, e.g there were 1000 buyers for a few sellers and now its in the housing market.

Here in Sydney i inquired for a property, three bedder with a commercial shop at the front.

Very average they want 750000 and recieving 26000 pa

Now how low is the yield thats about 3.5%, now how can i justify that. Also its tied up for another three years lease.

offered 600 and they laughted, o~well i said let it sit there for sale for another two years.

Investors r pushing hard up the prices, wait and c when the interest rates start creaping up.