The property around ausrtralia major city sydney, Melbourne, perth, brisbane, etc. their price are extremely sky high now~~ a lot of people can't afford to buy? do u think it will keep going or a slump coming soon?
2007-01-24 06:19:57 · 1 answers · asked by Anonymous in Home & Garden ➔ Other - Home & Garden
To check for potential slumps in Real Estate... check the projected overall economic factors for the next year. If the projection is strong growth, buy now because it will be more in a year. If the projection is stable or a drop, you can try to wait it out and bite when it's low. The real problem is that real estate is finite... meaning, there is only so much land in the world... once it's sold, it's sold. If everyone wants to live in Sydney, you will pay more to live there.
2007-01-24 06:41:40 · answer #1 · answered by 6kidsANDalwaysFIXINGsomething 4 · 0⤊ 0⤋