Wednesday, 31 August 2011

Is it time for another boom?

Tomorrow is the first day of spring, although, given the warm weather recently you could be forgiven for thinking that it had started a few weeks ago.

With spring comes the annual influx of buyers. More calls to our office, more email enquiries in our inboxes and great crowds at our open houses every Saturday.

If I were thinking of selling my home and trading up (or down) I couldn't pick a better time.

In our latest newsletter I ask if it is time for another "boom" in property prices. After all, there are a few indicators which bear consideration.

For example, the last boom was in 2004, 7 years ago. The rental market continues strongly with more tenants than homes for them to occupy. The share market is a disaster with prices plummeting daily. And there's a lot of talk in finance circles that interest rates will fall over the next 12 months.

So, are prices on the way up? Find out by asking for a copy of our latest newsletter. This month we also include our annual review of the property market for each suburb in Campbelltown. Drop me an email if you would like a copy ... mos@prudential.com.au

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