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The New Year Market

BLOG POST


Monday, January 5

by Andrew Winter


Well I am confused and I know what I am talking about!

There is a property cycle, and in reality we are at, or close to the bottom.

So it should be time to BUY, BUY, BUY... and in many cases people are. However we are finding that sales are getting stronger in many places, but for obvious reasons it tends to be the lower end of property market that are getting the sales, because of stamp duty reductions/changes, buyer incentives, low interest rates and first home buyer packages.

This should equate to a recovery of the bottom of the market, which in turn filters up through the value bands and so and so on, meaning a slow but good recovery and eventually price rises too. This time, however, we are in this weird global financial meltdown that has never occurred before in the same way, neither have markets all over the world been so influential in our housing market here.

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