Sydney and Melbourne property ‘set for price correction’

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Sydney and Melbourne property ‘set for price correction’

While you cannot tell how far a market will run, it is clear there is limited investment value in Melbourne and that has been the case for some time.

Performance Property Advisory, which identifies market trends for medium- to high income professionals, claims Sydney property prices have “reached a classic peak” and has issued a “sell” rating. Commenting on Melbourne, David McMillan, director of acquisitions, adds: “This is a clear sign that the market has moved past sound fundamentals”.

You can read the article in its entirety here at: http://www.afr.com/personal-finance/sydney-and-melbourne-property-set-for-price-correction-20160217-gmx2hf