John Symond is confident that in the first half of 2010 investors will find props that are better priced, because the bubble that is being created by first home buyers will dissipate.
We may see props in the first home buyer segment maybe up to 60000 on the eastern seaboard - those prices may start to soften which entices investors to act and not compete against FHB.
He is confident that FHB will start dropping back and that FHB wont be out there in force as they have been in the last 12 months.
This opens the way for more properties to be offered to investors and I'm tipping that they are going to be at a lower price because the demand by FHB versus the short supply is going to open great opportunities for investors.
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