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**djmassk** · 05-30-2010, 12:23 PM

Eh so far I've gathered you are saying prices might slow,stabilise over the next 6 months. Maybe a slight dip over the period as well due to Greece,eurozone crisis and maybe even china? But would boom after that? Is that what you are predicting?

Ash,

what i heard, from someone who's in property development in Melbourne, is that due to the recent changes in property ownership in Australia, those area favoured by Asians, aka PRCs, like Box Hill, Doncaster etc, the property prices have softened, some by as much as 10%.

and from what i've been observing in Sydney, it's stabilizing as well. With Ftich throwing another spanner in with regards to Spain & the Euro, i think best is hold cash now. i'll be eyeing the mkt for a while.

05-30-2010, 12:23 PM	#12
djmassk Join Date Oct 2005 Posts 461 Senior Member	Eh so far I've gathered you are saying prices might slow,stabilise over the next 6 months. Maybe a slight dip over the period as well due to Greece,eurozone crisis and maybe even china? But would boom after that? Is that what you are predicting? Ash, what i heard, from someone who's in property development in Melbourne, is that due to the recent changes in property ownership in Australia, those area favoured by Asians, aka PRCs, like Box Hill, Doncaster etc, the property prices have softened, some by as much as 10%. and from what i've been observing in Sydney, it's stabilizing as well. With Ftich throwing another spanner in with regards to Spain & the Euro, i think best is hold cash now. i'll be eyeing the mkt for a while.
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