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Property - andrewk4

  1. woddonnee

    5,382 posts.
    G'day
    I just wondered if you would mind giving me your opinion (brief is fine) if you have time on the current situation of the australian property market. In particular adelaide, my daughter is looking to buy a unit and I have a leveraged investment property (house). Adelaide certainly has had a good couple of years after being in the doldrums and doesn't usually suffer the same boom bust syndrome of sydney/melbourne. Prices are much lower here. Some of the positives for adelaide are the new rail line to darwin, car exports going well, farmers and aquaculture exports going well. The big questions are population growth and the ageing population, the gloomy outlook for the world economy and possibly the increased value of the dollar against the US. Interest rates don't look like increasing, I think that maybe recent posturing by mcfarlane may have been scare tactics trying to put a lid on borrowing. People currently may be thinking property instead of shares, don't know how long this will last though.
    Do you have an opinion on the direction of the (adelaide)residential market going forward?
    Sorry for thinking out loud and I hope I'm not being a pest.
    Anybody else welcome also.

    Cheers
    Rod

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