2007 property value rise
Brisbane 21.6%
Adelaide 20.2%
Melbourne 18.1%
Sydney 8%
Darwin 11%
Perth 4.1%
This year so far as of March 2008
Brisbane up 4.66%
Adelaide up 7.32%
Melbourne up 2.35%
Sydney down .36%
Darwin up 3.82%
Perth down .59%
So if you bought property in JAN 2007 and were still holding it now in March 2008 (haven't got April figures yet)
Brisbane up 26.2%
Adelaide up 27.52%
Melbourne up 20.45%
Sydney up 7.64%
Darwin up 13.82%
Perth up 3.51%
THESE ARE FACT
Apart from perhaps Perth, I can't see what all the fuss is about.
Quick sell sell......lol
So if everyone sells as they think the bum is falling out of the property market which clearly it isn't, then where do these people expect to live?
And if they rent one would think rent will be higher not lower if there are property sales on mass.
I shake my head......in laughter.
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