Property prices forcast to rise by 40%

Have you heard of Frank Gelber from a company called BIS
Shrapnel? Probably not but when a developer wants to put
up a 50-storey building or a 200-lot subdivision, they
go toFrank and he does a feasibility study as to whether
it's a smart thing to do or not... Based on a host of data.
The prediction: Property prices forcast to rise by 40%
But at this point you may be wondering as to whether Frank
is on the mark here.Especially when you hear that clearance
rates have dropped by 20% in the last -6 weeks. Past
prediction has been that Interest rates will rise and they
have. Owner-occupiers will be wary and stop bidding and
they have. Owner-occupiers will put their cheque-books back
in their pockets and keep paying the rent... That's what's
happening right now. Vendors selling their homes will have
to consider all offers or take property off the market...
Look out for this.
Rent will explode, especially in Sydney... This is
already taking shape....So with all that said, it is a
great time to be a property investor. Here's why...
The increase of interest rates has put the real estate
market into a holding pattern, which means a lot of
people are sitting on the sidelines, choosing to wait
before they buy or build property.So here the window
of opportunity presents itself to negotiate with
panicing vendors and pick up some hot deals.
So the game is starting to favour the investor.
With rents sky-rocketting, all real estate investors
should start building positions to take advantage of the
next 5-year boom cycle.