Everyone Talks Bubbles!

The stock market continues to stay at record highs; gold has been smashed down to the 1300’s and real estate buyers are out in force in the Sydney market.  Stock levels still remain low, however I do foresee more stock coming on to the market in the next two to three weeks.  I can’t see this increased amount of stock making a dent in demand, however it will satisfy some frustrated buyers ready to move. 

We now have a clear run after Anzac day for a couple of months which we hope will be a fantastic season for buyers and sellers.  The market has recorded some of its best results in years through March.  February and from what I have heard April, are down from normal across the board.  As we reported, over all, the numbers are consistent with the last five years in of sales.

James’ comments:

1.    As the world changes and history is made, it will be a fascinating period to look back on in ten years time.

2.    Everyone talks bubbles these days! Countries, markets, metals, futures, I guess that’s what happens when you start dumping massive amounts of money in one place or another. I bet some people out there are enjoying one hell of a ride.

3.    Will either Sydney and/or Melbourne market bubble?  I guess at some stage it will come off but in the mean time, the factors still remain very strong for these two major cities.

4.    I read that a third of marriages last year were inter-racial and many more were both inter-racial and blended families.  It will be interesting to see how the faces and styles of suburbs change as the people living in those suburbs change, especially 10-20 years from now. 

5.    Apartment living is becoming more and more acceptable and in many cases, preferred.  Again, this is the influence from new Australians, plus the massive advantage a well located apartment holds for many people.

Your feedback, both good and bad is always welcome on james@forsyth.com.au. Happy home hunting.