At least people with short memories remember the saying as this.
Ladies & Gentlemen, step right up, don’t fear higher interest rates, the impending credit crunch, recession, or the fact you simply can’t afford it. Buy today, worth more tomorrow! Can we have a starting bid? Bricks & mortar, safe as houses.
The News reports a swarm of property spruikers are heading west to flood cashed up West Australian’s with off the plan apartments in over supplied districts such as Melbourne’s Dockland precinct.
“All the stuff we were seeing on the Gold Coast has turned up in WA – it’s like a feeding frenzy when all the property spruikers see all this cash sitting around,” Ms Wakelin said.
“A lot of the product being sold is in the Southbank, Docklands area, which is still over-supplied, and the assets don’t have any scarcity value.”
Meanwhile in Sydney, “The residential property market is set for a resurgence even if interest rates rise, according to a property investors survey.” 73% of respondents, sorry my mistake, “property professionals”, said they expected growth in the residential market in the next 6 months. But its even better in sunny Queensland, where more than 85 per cent forecast that Queensland’s residential market would improve over the coming six months.
» Property spruikers chase boom – news.com.au, 2nd Oct 2007.
» Residential property set to boom: survey – news.com.au, 2nd Oct 2007.