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.
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