Local Property Bubbles

20131027165736525333-620x349The two most featured property headlines in the popular press over past weeks have been Chinese buyers and auction clearance rates. In today’s Sydney Morning Herald Paul Sheehan wrote a very good piece titled, “Investors become like bulls in a China shop”,

http://www.smh.com.au/comment/investors-become-like-bulls-in-a-china-shop-20131027-2w9ki.html

describing certain aspects of Chinese property investment into the Sydney market. What in fact is highlighted are what I call, “Local Property Bubbles” across the Sydney basin.

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Sydney Property Boom or Froth!

IMG_1228Buyer Agents, Investors, First Home Buyers and Home Owners are out inspecting properties, its another frenetic Spring Saturday! The statistics for the Sydney property market remain remarkable. Auction clearance rates hover around a bullish 85.9%, 1 in 6 properties bought off-the-plan are Chinese purchasers and of the total stock sold, 12.5% is purchased by foreign investors.

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