So we have had another successful weekend of auctions and the first article I come across in the media this morning is about how we are in the midst of a “bubble” and that it must burst.
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With another successful weekend of auctions recorded this weekend I keep hearing from the armchair experts (journalists) that there is a bubble and it MUST pop.
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Why is the property market being called a boom and a bubble when clearly the problem isn’t people paying too much for property but a total lack of property available for sale in areas people demand?
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With a relatively quiet weekend of auctions due to the Queen’s Birthday long weekend there is not much information that can be gained by looking at the results.
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Another week of auctions has been run and won, and yet I still keep hearing it’s simply because the market is to hot and we need to release more property in outer areas to assist in cooling the market.
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