Sunday, November 10, 2013

Grief Over Missing Out

Securing a property in the inner west is like winning a lotto now...

It's a phenomenon fast becoming known in the property industry as ''GOMO'': Grief Over Missing Out. Prospective buyers who pin their hopes on a dream home and are outbid at auction by competitors are increasingly slumping into a state approaching clinical depression Chinese invasion without one bullet being fired

Experts are calling it the spring that will never be repeated. A property heatwave has gripped Sydney this selling season, with almost all of the city's boom-time records smashed: record listing numbers, record sales volumes, record house prices and, as of Saturday, the busiest auction day on record. This is a one-in-100 year perfect storm of auction conditions - I don't think it will ever be repeated Clever Invasion by Kommunist Strategists