I see new home sales are down again, they fell 20.5% for the year to August 2010.....guess all those interest rate rises cooled the housing industry once again....
melb house prices grew 26% last year, to june 30 2010.... so the buyers are fighting over established city houses, and forcing the prices skywards...rather than buying a new home... out in the burbs....
swan and team have crucified fhb's...with the monthly talk of rate rises..... oh well, everyone it seems wants to live in the city....either as owners or renters.....
no bells required for investors....as to where to look for the next property....just go with the city trend....its a no brainer
and on another note....election promise by the qld govnut...bligh will build 120,000 new homes in SE Qld over the next 20 years....or 10,000 houses a year.... and pigs will fly.... quick , grab your bags and head for a lovely cheap house, for next to nothing, on the beautiful qld coast
