It seems like the FOMO virus has struck again. The interesting thing is that it’s self-manifesting. When people are so focused on a subject, they read/research enough, and they speak to enough people (who all have the same mindset), they convince themselves that it’s real and necessary to act – immediately. When these like-minded people congregate together (ie, in supermarkets or auctions) it literally becomes a frenzy.
But like toilet paper, is there really a shortage when it comes to property/homes that justifies the market at these levels?
#toiletpaper #property #realestate
It’s grim news for those looking to jump on to the property ladder with Sydney’s median house value jumping by $50,000 in March alone — the equivalent of $1600 a day.