As usual there are markets within markets.I spent the day...

  1. Osi
    8,267 Posts.
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    As usual there are markets within markets.

    I spent the day painting a 3 bed family held property in a regional centre. The market is making me work quicker of course. It will sell for around $300K when tidied up.

    The market currently remains OK for family homes in this price category because people can afford them and can therefore get finance on them. A similar newbuild in the area would cost $120K more …… all extra debt to be repaid to the piper.

    Every regional market has its own circumstances. Some have a positive outlook while some have a negative outlook.

    I note Nicky's key point on the unrealistic expectations of the stupid. IMO these people have only their own personal greed to blame.

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