month by month the data is really not that relevant in my opinion
property may very well go another 10-20% up
then what?
the higher it goes the more impossible it is for it to keep going, the more inflated the price the bigger the interest bill and transaction costs
if most speculators need capital growth to be in the game then the house of cards eventually falls and like Japan it may just keep falling beyond fair value
at this point in time many people may be believing the right thing to do is take their money out of stocks and buy real estate
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- clearance rate for melbourne 21st aug 2010
clearance rate for melbourne 21st aug 2010, page-19
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