In Sydney at least, current conditions are:
- Sharemarket volatility
- Bear market
- Massive cuts of interest rates
- Few new housing constructions because of the recession
- Rental shortages
- Years of stagnant property prices (property bubble popped in 2004-3).
Good conditions for the next property boom?
Actually if could.
People have money they need to put somewhere. This happen with the tech bubble. The stock market went down, real estate increased.
February 15th, 2010 at 1:16 am
Actually if could.
People have money they need to put somewhere. This happen with the tech bubble. The stock market went down, real estate increased.
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