Don’t fight the tape

front-cover-v3_460-300x200-1There’s an old share market adage, “don’t fight the tape” meaning trends remain in place and prices rise much longer than expected. The Sydney property market is no different. Twelve months ago property experts were calling an imminent top in Sydney property prices. August 2015 those same experts, the Reserve Bank included, are warning houses prices may fall and here we are 20% higher. I guess if you want to forecast future prices, do it often..
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A Bubble to Burst?

imagesIs the Sydney property market a bubble ready to burst? Seems everyone has an opinion on the booming property prices in Sydney and Melbourne and little wonder as it’s impact is far reaching across the nation. Even Greg Medcraft, the head of our largest regulatory body ASIC, has thrown in his “two cents worth”. He has stated that he is concerned about the Sydney and Melbourne property markets and the likely bubble that we find ourselves in.
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