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Thursday, July 5, 2012

BOOM PRICES GONE FOREVER: GAIL KELLY, WESTPAC

Mal Charlwood
The head of Westpac, Gail Kelly, stated this week that property sellers who are waiting for the return of the “ price boom” days are going to be disappointed.

She said those heady days are gone forever as banks don’t allow the extravagant borrowing amounts like they did a year or so back.

People who want to sell their properties must be aware that the market has changed forever and comes to terms with today’s prices... even if you bought in the height of the price hike...

References:

Radio Real Estate Triple T 103.9 FM (Sat: 9am)

http://www.townsvillebulletin.com.au/article/2012/06/23/340911_real_estate.html

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