OMG!

Is this the turning point for property?  How long can prices continue to go up?  These are just some of the questions being asked.

In Sydney for instance, a small brick cottage on a medium size block recently sold for over $3m in Marrickville.  Now, it may take some time before our area ever catches up to Sydney prices, but really what are people thinking!  There are a lot of southerners living in our community and they would know and appreciate that the Marrickville equivalent in Brisbane would only achieve the mid $500K.  There is such an imbalance in the property market from state to state!

It would be a miracle for a small cottage in our local community to sell for over $3m, or it would have to have an oil field on it to achieve this price, but we can never say never!

But there is a bit of a lull in our local market at the moment with very few homes being listed for sale.  Buyers are eagerly waiting, but they will only wait for so long!

Obviously, from an agent’s point of view, property is still the best investment that anyone can make!  So, if you need any help or just ideas, please let us know!