View Single Post
Old 05-30-2010, 10:34 PM   #18
Tw1anJOO

Join Date
Oct 2005
Posts
404
Senior Member
Default
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.
Areas such as Balwyn, Balwyn north, Kew, Camberwell & Malvern will hardly drop due to schools and infrastructures. My gut feeling tells me the great Australia is like a 'magnet'.. PRC will take some time to digest the new ruling.. once they work out the loop holes, these PRC will be back again..
Tw1anJOO is offline


 

All times are GMT +1. The time now is 01:00 PM.
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
Design & Developed by Amodity.com
Copyright© Amodity