The future of Australian property prices

[satanoperca]

Sydney house prices to go up more 20% apparently. Good God, who the hell would want to live there at those prices.

Got to laugh, the renovators is on now. Rumour has it only one sold for a small profit, 0.2%. So somehow in the next few years Sydney is going to go off. Good luck.

Debt rules for now but not for to long.

Cheers

 

[young-gun]

Sydney house prices to go up more 20% apparently. Good God, who the hell would want to live there at those prices.

Bringing the MEDIAN house price to approx 800 large apparently ...the big 4 will have to start rolling out inter-generational home loans

 

[Glen48]

Ad on Fox TV buy a house in USA for 200K get four free , coming soon to a suburb near you

 

[kavla1970]

This might be a silly question but is there anywhere where we can get the median house prices (melb etc)for each Month/QTR etc and run a moving average over it to give us an idea how the prices are really travelling?

I am trying to work it out for myself rather than rely on the real estate industry.

 

[Aussiejeff]

This might be a silly question but is there anywhere where we can get the median house prices (melb etc)for each Month/QTR etc and run a moving average over it to give us an idea how the prices are really travelling?

I am trying to work it out for myself rather than rely on the real estate industry.

IMO that's the way the RE industry & their close friends in politics would prefer it to stay - forever.

The less the dumb hoipoloi know about the REAL state of real estate, the better for those "in the know" to profit from it - *nudge, nudge, wink, wink, buy, buy*.

 

[investorpaul]

Sydney house prices to go up more 20% apparently. Good God, who the hell would want to live there at those prices.

This is blatant misquoting by the Media.

The artilce was written in refernce for a BIS Shrapnel report, which I actually have a copy of.

The report does say that property prices will go up until 2013, but it then says that in 2013-2014 there will be a downturn as higher interest rates bite and the general economy slows.

Both the SMH article and news.com.au article that I have read say that property prices will rise before slowing in 2013.

There is a massive difference between property price growth slowing (implies prices still go up) and property prices entering a downturn (i.e. go down).

Also the articles dont mention that real growth is considerably less than this 20% figure and even when property prices are predicted to peak in 2013 they will still not take out the previous highs set in 2004 when adjusted for inflation.

It is also worth noting that the report is 130 odd pages and cannot be accurately discussed in one article

 

[Quincy]

Originally Posted by moXJO

Sydney house prices to go up more 20% apparently. Good God, who the hell would want to live there at those prices.

Wealthy Chinese?

LOL.

Yes, wealthy Chinese are buying up big in certain areas of Sydney . . . . the below extract relates mainly to the Melbourne Unit market, however Sydney is experiencing a huge influx of wealthy Chinese buyers of both new and exsiting Units and Houses in many suburbs.

http://www.theaustralian.com.au/bus...ng-turns-off-tap/story-fn9656lz-1226165293150

But despite the government-induced sales slump, demand in China for property and investment opportunities -- as well as residency and immigration options for its growing middle class -- spells good news for Australian property developers.

"It's like a tap -- the government had successfully turned it off and they have done a good job but the pressures will not stop building up behind it," says Peter Why, a director of Beijing-based consultancy GNS, which specialises in the Chinese and Australian property markets.

Billionaire Harry Triguboff's Meriton, for instance, is on record saying at least 60 per cent of its sales are to Chinese buyers. Melbourne-based developer Central Equity has predicated its whole business model on demand from China and other parts of Asia. Listed companies such as Mirvac, Lend Lease and Stockland would take a dent in their earnings without Chinese buyers.

"Much of the Chinese market is driven by immigration -- China passed the UK to become the biggest country of origin for Australian migrants last year. And many Chinese who have invested once are keen to do so again, as they see safe rates of return on their money," Why says. "What we are seeing is just the beginning. Just as Japanese investment in property followed their investment in resources, so it is with the Chinese. I would expect that we will see a surge of Chinese investment in the sector over the next five years. You are already seeing an increasing number of Australian developers taking their roadshows to China."

 

[Aussiejeff]

Yes, wealthy Chinese are buying up big in certain areas of Sydney . . . . the below extract relates mainly to the Melbourne Unit market, however Sydney is experiencing a huge influx of wealthy Chinese buyers of both new and exsiting Units and Houses in many suburbs.

IMO all non-Chinese speaking Oz school children should be forced to learn Mandarin from the age of 6, so that they can be more fully conversant with the world's soon-to-be-biggest economy.

Those of us Westerners older than 60 who would be befuddled by the teachings of the mysterious Eastern lingo should be mercifully shot to save space and boost bequeathment of rich monies to younguns for investment in Chinese owned RE.

Problem solvered.

LOL.

 

[FxTrader]

Yes, wealthy Chinese are buying up big in certain areas of Sydney . . . . the below extract relates mainly to the Melbourne Unit market, however Sydney is experiencing a huge influx of wealthy Chinese buyers of both new and exsiting Units and Houses in many suburbs.

You raised this issue 6 months ago in post #5170. Yes, Chinese buyers are proping up sales in new developments (their favored property class) in Melb and Syd. Just another factor (along with unlimited IP subsidies and other market distorting policies and actions of Aus governments) underpinning the ridiculously high prices (relative to median income) of urban residential property in Aus.

 

[robots]

hello,

good evening brothers, any auction results yet?

i want to collect all the data to decide on whether to invest in property

another great day

thanks

professor robots

 

[medicowallet]

hello,

good evening brothers, any auction results yet?

i want to collect all the data to decide on whether to invest in property

another great day

thanks

professor robots

Sure mate

54% this week, better than the 51% WOW property is on the way BACK

How is that third job going for you?

MW

 

[robots]

hello,

thanks for the data,

great stuff, gotta do the research

thankyou

professor robots

 

[choofer]

hello,

thanks for the data,

great stuff, gotta do the research

thankyou

professor robots

Hi Robots,

How's the new caravan goin at Eucla? Hope things get better for you dude. Property should rebound in the next week or two. In the mean time kick back and keep puffin. Cheers.

 

[robots]

hello,

thanks choofer, great opinion brother

everything going fine, i got a new push bike just recently (an Apollo hybrid 7spd)

rolls nicely

oh yeah, weed, goof balls, uppers, H, crank, arctic, mogadons, the caravan rockin

thankyou

professor robots

 

[Glen48]

Wow Robots has the net on in his caravan .. why don't you set up a web site for fellow Aussie who like you thought property will never crash like it is doing now and will continue to do for years to come.

Call it Australians Biggest Losers warn your ISP here could be a overrun on your site and branch out into hiring 1 bedroom apartments AKA caravan's as there will be a shortage of them soon.
You can all sit around playing Monopoly and talk about when RE was king.

 

[robots]

Wow Robots has the net on in his caravan .. why don't you set up a web site for fellow Aussie who like you thought property will never crash like it is doing now and will continue to do for years to come.

Call it Australians Biggest Losers warn your ISP here could be a overrun on your site and branch out into hiring 1 bedroom apartments AKA caravan's as there will be a shortage of them soon.
You can all sit around playing Monopoly and talk about when RE was king.

hello,

get a few guests from ASF who have lost a bit also to help out, a few Storm turkeys (which i still cant understand if shares are the way to go, oh well)

must be a couple of the 95 out of 100 who fail trading shares (buying/selling businesses as many put it)

thankyou

professor robots

 

[choofer]

hello,

thanks choofer, great opinion brother

everything going fine, i got a new push bike just recently (an Apollo hybrid 7spd)

rolls nicely

oh yeah, weed, goof balls, uppers, H, crank, arctic, mogadons, the caravan rockin

thankyou

professor robots

Good to see the sense of humour. Some people don't see the funny side, but that's life bro. Property is always king, lol.
Adeus.

 

[FxTrader]

hello,

get a few guests from ASF who have lost a bit also to help out, a few Storm turkeys (which i still cant understand if shares are the way to go, oh well)

must be a couple of the 95 out of 100 who fail trading shares (buying/selling businesses as many put it)

Those poor naive souls who lost everything, including their homes, to the crooks at Storm don't deserve a cold slap in the face from a crackpot on this forum. They gave their money to speculators (pretending to be advisors) who then made huge margined bets on stocks with margin loans that were granted on the basis of falsified information. This was corrupt behavior and gambling with other peoples money, not share investing. Hope this helps with your lack of understanding.

As for your ill-informed quip about share traders, why not learn the difference between a share trader and investor and quote the sources for your stats before you post such whimsical trash.

If you honestly think property investing is such a golden goose, ask yourself why property prices have crashed in so many other developed countries destroying the wealth of millions of people. Perhaps they should have bought an apartment in Sydney or Shanghai, no bubbles have formed in these places eh.

 

[robots]

hello,

i just reported the auction results and the likes of you and others extrapolated that to mean i am a property perma bull, got banned for it too. better watch out MW your account may be in trouble

even with the GFC people got smashed, that was all by rogue's (advisors) as well? hehehehehehehe

so after the biggest financial event since 1929, property went higher than pre GFC numbers and now its down what 5%-10% in Melbourne? hehehehehehehee

asx 6000 down to 4000,

thankyou

professor robots

 

[young-gun]

hello,

i just reported the auction results and the likes of you and others extrapolated that to mean i am a property perma bull, got banned for it too. better watch out MW your account may be in trouble

even with the GFC people got smashed, that was all by rogue's (advisors) as well? hehehehehehehe

so after the biggest financial event since 1929, property went higher than pre GFC numbers and now its down what 5%-10% in Melbourne? hehehehehehehee

asx 6000 down to 4000,

thankyou

professor robots

Property is about to take the biggest hit in australia you could ever possibly imagine. but the market is about to cop it again aswell. lose lose. glad im in a position to hold neither.