Property prices are going through the roof again. A week ago, I went to an Auction in Preston. This house was an absolute dump and it was on the main road of a busy street. I was surprised anyone actually bidded for this place. It eventually went for over $400,000. Theoretically, house prices can not keep rising at 10%+ every year. It’s just doesn’t make sense really. It can not be sustainable. Soon people will just no longer be able to afford a place… not even to rent.
In Sydney, this may already have happened.. just have a look at this ONE BEDROOM APARTMENT that sold for $1.8million+…
Popularity: 1%
1 comment so far ↓
[…] were starting to move upwards again, that rent rises wasn’t keeping up, and in mid this year, property prices were through the roof. Luckily for me I snapped up a bargain way back in December when I first noticed the movements. […]
Leave a Comment