The forecasts are suggesting that outer suburban houses, like what a lot of forum members own or a building, are tipped to increase in value more drastically than ever before. At least in Melbourne.
We can't predict the future, but looking at how inner suburbs are becoming unaffordable for the average Joe, and land running out it seems that it might just come up aces for us home owners in the outer suburbs.
I have just bought in Point Cook and am ecstatic to be getting out of the ever tightening and unreasonable rental industry. My repayments will be the same as my rent. We should be ready to move in in June next year, wouldn't it just be lovely if the property had gone up in value even before it has been made. Personally, I don't mind if the value goes no where, but it's a nice thought.
What do you think the future holds?
Is it happy sailing, or is the financial crisis going to take a strangle hold and everything slows down after the FHOG ceases?