Gavin Mok.net

About 2 and a half years ago, the small 2 bed room apartment I rent in Melbourne inner city suburb was asking around AUD280,000 selling price. And the market went quiet during global financial crisis. After just more than a year, while we are still not sure if we really avoided the recession, the same property is selling at near AUD350,000.

OK, first home buyers got to wake up. While it is always a beautiful dream owning a property, and nothing wrong with that, the market is just going to fast, too furious.

Err… My point is….err, I’ve no idea. And I’m always absolutely delighted to see any market collapses….

Here is a chart I drew while sitting in toilet this morning.

Tags: housing, melbourne

This entry was posted on Monday, November 23rd, 2009 at 11:55 am and is filed under economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.