July 20, 2007

Home prices and rents to rise

Could it get any worse? Analysts predict the dwindling number of homes being built means prices and rents are likely to rise further. Read full article here. I am so glad we got out of renting just in time.

I have no words to describe the crazy property market. REAs must be laughing all the way. Higher prices means higher commission! Speaking of REAs, thanks to those who smirked and gave us the "you must be kidding" stare when we went to open houses and told them our budget of AU$380k back then.

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