"In 2007 Mosman, recorded 409 house sales, last year (2008) it recorded 261 house sales and in 2009, Mosman is currently recording just under 7 house sales per month. So under the current formula in 2009, we could be looking at somewhere in the vicinity of 90 to 125 house sales – despite all time record low interest rates. In the space of two years Mosman house sales could be down by seventy five per cent."
I notice that quite a few auctions fall through. Some properties couldn't even attract a single bid. Take your pick. You can have volume or price but not both. Something has to give at some point.
Posts
No comments:
Post a Comment