Having been in and around developments for a bit and sold residential property I find some level of uncertaity creaping into peoples thinking.
I am an advocate of the economic clock cycle; which is essentially areas and indicators from investors go with their money based on macro economics.
As such I find it very interesting where is now and were it will be in the next 6 months or so. Unusual in the fact that property, comodities (particularly gold and copper), interest rates, currency exchange and sharemarket are on the up.......and that is very unusual, I believe, at the moment.
The question is which way will it breakout in terms of money movement..... Christmas time this year is going to be an interesting time.
As this is a property site I believe that the market is underpressure in the post FHG areas particularly with interest going up and IF unemployment starts heading to 10%.
This will then put huge pressure on the rental markets and rent will go (potentially) through the roof.
