article_snippet: Mr Mellor, says the market is getting a bit sticky’ and warns investors that investors future profits may be much lower than expected if you spend more than the property is worth.
article_snippet: I feel the market has more growth in the market but if growth like this happens
article_snippet: overnight there’s a real danger for investors.
article_snippet: Mr Mellor warns buyers to tread carefully in a market like this because this won’t stay this hot for long.
article_snippet: ‘I’d be starting to exercise some caution as an investor entering a market like this, especially if you are paying 15 to 20 per cent above the reserve.
article_snippet: Agent Paul Tassone from Professionals Real Estate says many buyers won’t see a return on many buyers investment unless many buyers get out of a market like this within 18 months, which is when Agent Paul Tassone from Professionals Real Estate predicts it will cool.
highlights_snippet: Property analyst Rob Mellor says many buyers won’t see a return on many buyers investment unless many buyers get out of the market within 18 months .