There’s no denying that current market conditions in many parts of Australia are proving quite favourable for property vendors right now. Sydney home owners in particular have been delighting in frenzied bidding wars at weekend auctions, while listings have been consistently snapped up for well above guide prices right across the Harbour City for some time. But as with everything, all good things will eventually come to an end. And if you believe the housing bubble hype, ‘the end’ in this instance might be a major price correction in some of today’s particularly heated housing sectors.
READ POSTDeveloped economies across the globe have been clinging to their property markets like a buoy, relying on the fact that housing is an essential commodity of trade and therefore, the most likely to stay afloat when all else is threatening to sink the proverbial financial fleet.
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READ POSTSeasoned property purchasers know that the total financial commitment made when acquiring residential real estate is not just the sale price written on the contract you sign.
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