Thursday, October 27, 2011

House Prices

This is from the Australian (if you want to get a story on The Australian but don't want to pay, simply put the title into google and click on the link ... this will get you the full story).

Maybe one day I might even be able to buy a house in a suburb I would want to live in!

The real issue is whether prices will stagnate at this level for a while or continue to fall.

Meanwhile falling house prices no doubt make homeowners feel poorer, even if it doesn't really matter whether your home is worth 550k rather than 600k as long as you're not selling it.

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