Australia 1st and Britain 2nd in the world!!
 

In the 'over-valued property market stakes!!

http://www.theaustralian.news.com.au...5E1702,00.html

OzTennis :)

Re: Australia 1st and Britain 2nd in the world!!
 

Woohoo! We beat Britain! :D

Re: Australia 1st and Britain 2nd in the world!!
 

Ouch!

Re: Australia 1st and Britain 2nd in the world!!
 

I agree. Anyone who buys in Aus had better do their homework first and then negotiate, negotiate, negotiate.

Re: Australia 1st and Britain 2nd in the world!!
 

And in the UK too it seems!

'My overvalued property is more overvalued than your overvalued property'. :D

OzTennis :)

Re: Australia 1st and Britain 2nd in the world!!
 

I think the next couple of years are going to be messy both in the U.K and Oz.

Re: Australia 1st and Britain 2nd in the world!!
 

Glad I sold my overvalued property in the UK last year and haven't bought an overvalued property here yet.

Re: Australia 1st and Britain 2nd in the world!!
 

It's worth bearing in mind that if you need to buy a property in the UK or in Australia you have to pay UK or Australia prices - people can buy elsewhere but can't move the house! There will always be a market for property which is well located, sound, etc, etc.

Interestingly there was an item on the TV last night which said that over 2 million UK residents have property in other countries and this was expected to rise to over 4 million by 2010. The 'A Place in the Sun' factor at work.

OzTennis :)

Re: Australia 1st and Britain 2nd in the world!!
 

One of my friends have had to drop $60 to get a buyer...

It seems that the agent they went with has a big habit of over pricing in the hope that there still people with more money than sense.

To all us locals we could tell the house was way over priced but it gets you thinking that if you have just come from another state or country you could easier become a mug!!

Be sure to do your homework.

Re: Australia 1st and Britain 2nd in the world!!
 

So what was that other thread about the Eastern States of Oz have hit their housing price lows, whereas Perth has hit its peak.

Can you generalize about the housing market in the entire country? :confused:

Re: Australia 1st and Britain 2nd in the world!!
 

So new arrivals - rent or buy in Oz folks?????? :confused:

Do let me in on the secret.

MMum :)

Re: Australia 1st and Britain 2nd in the world!!
 

Vash if you live in Britain how would you beat Britain?

Re: Australia 1st and Britain 2nd in the world!!
 

He owns a home in Oz I understand :)

Re: Australia 1st and Britain 2nd in the world!!
 

My neighbour owns a home in France but would not class himself as french lol ;)

Re: Australia 1st and Britain 2nd in the world!!
 

LOL, he is an Aussie living in Blighty I think :)