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HTW Feb 2016 Property Clock - Canberra mention

Discussion in 'General Property Chat' started by Chilliblue, 9th Feb, 2016.

  1. Chilliblue

    Chilliblue Well-Known Member

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  2. York

    York Finance Broker Business Member

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    The house clock has Canberra on the decline.
     
  3. D.T.

    D.T. Adelaide Property Manager Business Member

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    Canberra has done very well from my monitoring, part of this is seasonal with new employment / school starting this time of year and part of it was Mr fluffy saga. I'm not sure how sustainable it is but prices seem to keep increasing.

    Interesting to see Brisbane listed at peak.
     
  4. York

    York Finance Broker Business Member

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    It's the unit clock. The house clock has Brisbane in a rising market.
     
    Leo2413 likes this.
  5. York

    York Finance Broker Business Member

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    Screenshot_2016-02-09-13-48-52.png

    Sorry for the bad quality upload.
     
  6. D.T.

    D.T. Adelaide Property Manager Business Member

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    Ah, that's why a bit back to front!
     
  7. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    Yep - detached homes are still going quickly and at good prices. It's mostly a sellers market when it comes to houses.....units on the other-hand, negotiate hard.

    Cheers

    Jamie
     
    Nemo30 likes this.
  8. Nemo30

    Nemo30 Well-Known Member

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    There's a Canberra thread where this has been discussed for months. Most active investors in the Canberra market have known houses are on the move and there is an over supply of units.

    Two weeks ago Canberra had more properties sell at auction (as a whole number not percentage) than Sydney.

    Mine goes to auction in a week and a half :)
     
  9. Azazel

    Azazel Well-Known Member

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    Hey @Nemo30 , good luck.
    Which suburb is that in?
     
  10. Nemo30

    Nemo30 Well-Known Member

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    Thanks :)
    I'll send You a link

     
  11. peastman

    peastman Well-Known Member

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    How much credibility should be placed on the HTW Clock? Do they usually pick correctly?
     
  12. Nemo30

    Nemo30 Well-Known Member

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    I have properties in. Canberra and Adelaide. I think the above is representative of what I'm seeing in those markets.

    Edit: actually no it's not ... Didn't look closely at the house clock.
     
  13. dabbler

    dabbler Well-Known Member

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    It is for units & is probably right with supply coming soon, I personally had 2 very good deals put in front of me, that would not happen 6 months ago IMO