November 15th, 2009

Brainscan

Houses

As many of you are aware, we rent in Canberra at the moment, mainly because houses prices are insane. We've kept our eyes on the market and prices have come down somewhat, to the point where they are now nearing a level where we might be able to buy here.

Hopefully once the first homebuyer's grant has gone bye-byes, prices will settle down a bit. As is fairly common knowledge, when the grant was introduced, and increased, prices jumped up by a margin significantly larger than the grant. We're not expecting prices to drop by the same amounts they went up by, but hey, even a drop of $10K makes life that bit easier.

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