Uncertainty

From RP Data CoreLogic:

There’s a lot of uncertainty in the property market right now.

On the one hand property has boomed in Sydney and Melbourne triggering concerns of overvaluations and a property bubble.

On the other hand property has dropped in Brisbane (down 9.1% from its 2008 peak) and Perth (down 18.5% from its 2007 peak) because of a mining downturn.