Posted to Waverley Leader (20/7/2011) on 20/7/2011 at 10:53 PM
Commenting on "House prices slump"
http://waverley-leader.whereilive.com.au/news/story/house-prices-slump/
Readers should be made aware that changes in government policies on investment by overseas investors coupled with numerous interest rate increases during the second half of 2010 retarded the property price growth, and in fact reversed its direction in recent months.
It must also be noted that increase in median price does not really imply that one's property has increased in value, but signals the high-end market properties are up for sale, probably from those who once can afford more luxurious life-style but now have to join the common people in experiencing mortgage stress. Buyers beware!
Commenting on "House prices slump"
http://waverley-leader.whereilive.com.au/news/story/house-prices-slump/
Readers should be made aware that changes in government policies on investment by overseas investors coupled with numerous interest rate increases during the second half of 2010 retarded the property price growth, and in fact reversed its direction in recent months.
It must also be noted that increase in median price does not really imply that one's property has increased in value, but signals the high-end market properties are up for sale, probably from those who once can afford more luxurious life-style but now have to join the common people in experiencing mortgage stress. Buyers beware!
