i am c&p'ing from another site but this was just to good to pass up showing how the masses who have been conned, hookwinked, brainwashed into believing that property = a lifetime of riches and never falls. enjoy the stupidity....
ask “Are we about to see one of the greatest property booms ever?”
I am a simple investor. I believe in supply versus demand first and foremost and all others factors simply adjust this equation.
I think the next two years represent an excellent buying opportunity for Sydney
*When IRs do drop - in 2011 - then the entire market is just going to explode. House prices will double in 12 months.
everything else is favouring boom, so I think we'll see prices move stongly upwards again in a couple of years.
I'd say that Brisbane and especially Melbourne are underpriced.
I have also been thinking along those lines for about 3 years now. I almost "knew" the recent boom was coming in SE Qld and stocked up on QLD properties for that reason.
I've started researching NSW again as it is only a matter of time, but as you say.....I feel a change in the air....the sea and sun type.
