Ms Conisbee also conceded that the continued parade of pessimistic headlines did have an effect on the market, with sentiment a factor for buyers and sellers."The more negativity that's out there in the media, the less likely people are to make decisions, whether that is to sell a property or to buy a property.
"As a seller, you don't necessarily think you're going to get the best price for your property and so if you can hold, people do tend to hold.""People hold off making decisions, they also are a bit nervous about buying in a market which may have further to fall," Ms Conisbee said."In a city like Darwin which did have such a massive run-up in pricing, it did lead to a lot of challenges for first-home buyers, for example.
She said she believed the market had bottomed out, and was likely to turn around in the next 18 months or so. "I've listened to this rubbish before and I've seen it over more than 50 years, so it's not a new thing," she said."Darwin is not doomed. It's in a very good location on the edge of Asia, it's the gateway to Asia as we all know.
She said there were very few good-quality properties on the market because people who are holding property know the price is too low.Ms Kruhse-Mountburton said while she had shown the house to several people, she would not be selling it at any price.
Claims that parade of pessimistic headlines hurts Australia
What bs...the economy has tanked in Darwin and an exodus of people are leaving sadly because there is no work.
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: 9NewsAUS - 🏆 10. / 72 Read more »