As you can see from this cartoon from October 2002, they have been talking about the housing bubble since John Howard and Peter Costello ran the country. Actually long before then.
So how have things progressed since?
Would you have liked to have bought a property at 2002 prices?
If you often read property investment articles or watch the media, you will hear the term “Property Hotspot” often used to describe a region or little known property market about to ‘boom’.
It can sound exciting to make quick money with property, and the description of the opportunity is designed to stimulate investors to rush in and buy, before prices take off and the opportunity is lost.
New laws in NSW have come into effect from January 1st 2016, in an attempt to prevent selling agents from price underquoting. This practice has been blamed for causing many consumers much disappointment, when the house of their dreams sells for far more than they hoped it would.
There are traditionally certain times of the year when property open for inspections are teeming with buyers, when everyone seems to be in a positive buying mood, and securing your ideal property at a reasonable price seems totally out of reach.
Early spring is one of these times, when buyers seem to come out of winter hibernation, and properties flood with natural light, and gardens come into bloom.
Address: Suite 1512/83 Spring Street Bondi Junction 2022
Postal Address: PO Box 2192 Bondi Junction NSW, 1355
Telephone: 1300 132 970
E-mail: info@searchfindinvest.com.au
