24 Mar '14, 3am

#GlobalREBubble #AUSBUBBLE 'NSW property boom is peaking' via @SGPropertyGuru

The real estate market in New South Wales, Australia, is booming according to local real estate agents there, but less than one in five expect the current market conditions to continue for the rest of this year. The bi-annual survey from Which Real Estate Agent surveyed Australian real estate agents to gauge their views on the Australian property market. Together they have interacted with more than 400,000 potential property buyers and investors during the last 12 months. A total of 47 percent of agents in New South Wales said their local market was booming, followed by 24 percent in Western Australia. These sentiments fell to just 18 percent and 12 percent respectively when they were asked if the boom would continue in 2014. The survey predicted a possible peak in the market as agents were forecasting reduced growth this year in New South Wales, Victoria and Western Austr...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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