Iam agree that the USA and UK prices had cool down considerably. We are in a better postion than them,due to these point.
1.Economy,had been insulate from credit crunch,due to the China and India affect.
2.Banks are very well regulated and have better lending condition than them.So the mortgage default is far less than the irresponsible lending decision being hand down in the financial sector in the State.
3.Our population inflow out strip new development,to the ration of 3:1. So there will be more housing shortage,and this will increase the rent. As to how much rent should go up,before it affect the individual to paid it remain to seen..?,,,
4.Oils is the main keys to this boom,..
Iam patient enough to pick up a house in Canly Vale for a discount of 100k. It five minute walk to the station and the land size is a massive over 700m/s,but it a 1:100 year flood area.
Buffet said buys when people are running scare and sell when people are hyper active for property.
Which one am I?As I dont hold any property since 2003-2006.
