Financial Mistakes

[ElixirCoder]

What area may I ask? I am also in S Suburbs and planning on selling my house in the next few months. Seems like property value has definitely not increased in line with inflation over the last couple of years where I am in the Claremont, Lynfrae area. Asking prices are the same as a year ago or possibly even worse.

Historically this area has been a great buy because of the proximity to good schools, shops etc, but this is pretty bad. 11.75% prime is certainly take it's toll.

Wynberg Upper/Trovato

 

[airborne]

What area may I ask? I am also in S Suburbs and planning on selling my house in the next few months. Seems like property value has definitely not increased in line with inflation over the last couple of years where I am in the Claremont, Lynfrae area. Asking prices are the same as a year ago or possibly even worse.

Historically this area has been a great buy because of the proximity to good schools, shops etc, but this is pretty bad. 11.75% prime is certainly take it's toll.

That area is in huge demand, I honestly can't see it doing worse than the overall market?
I go through there quite often and every second house seems to be on the market and they don't sit around for long either. That being said I was looking at rentals recently and surprised to see prices have stabilised or come down slightly compared to a few years ago, I was not expecting that.