The future of Australian property prices

[sptrawler]

Majority of flooded areas were high nett worth areas close to the Brisbane River. You do the math backwards from there. Re goes up closer to water tributaries or oceans. Lord knows what happens when you have your own private jetty that gets washed away in a major flood along with the 60 foot launch. What about all the Government infrastructure??? HUH ????? Ferry terminals GONE !!! Southbank GONE !! Kangaroo Point Walkway GONE !!

Shhheeeeeeeeeeeeeessssssssssssshhhhhhhhhh !

It does my head in why anyone would want to buy on the east coast, clean the mud out every year, I don't think so.

 

[Klogg]

Majority of flooded areas were high nett worth areas close to the Brisbane River. You do the math backwards from there. Re goes up closer to water tributaries or oceans. Lord knows what happens when you have your own private jetty that gets washed away in a major flood along with the 60 foot launch. What about all the Government infrastructure??? HUH ????? Ferry terminals GONE !!! Southbank GONE !! Kangaroo Point Walkway GONE !!

Shhheeeeeeeeeeeeeessssssssssssshhhhhhhhhh !

Ah, fair enough.

I'm not too familiar with the Brisbane market, so I'm pleading ignorance on this one

 

[Starcraftmazter]

Aussie banks dangerously undercapitalised.

http://www.youtube.com/watch?v=baBokhvOvUA

From
http://www.macrobusiness.com.au/2012/02/too-big-to-fail-act-2/

 

[medicowallet]

You really do not have a clue now do you MW ????

Let's keep it real simple for you ...... what happened to Nagasaki RE value after the bomb went off??

What happened to Christchurch values after the earthquake??

Do you get it now or should I become more basic ???

Both are examples of places with lasting deficit. ie radiation or threat of earthquake.

What happened to Japan's and Germany's economies after the war? Massive improvements due to new infrastructure and work for people to do.


Can it get any more basic than that?

How come Gold coast, sunshine coast, northern suburbs etc not impacted in any way at all by flooding have declined so much? Especially answer why there is any reason why suburbs not affected by flooding have tanked so much..... oh the flood argument falls to pieces again?

Do not just follow the R/E agent mantra and do some thinking for yourself?

MW

 

[Vixs]

How come Gold coast, sunshine coast, northern suburbs etc not impacted in any way at all by flooding have declined so much? Especially answer why there is any reason why suburbs not affected by flooding have tanked so much..... oh the flood argument falls to pieces again?

Do not just follow the R/E agent mantra and do some thinking for yourself?

MW

Emphasis added by me - I can't speak for the Sunshine Coast or the Brisbane Northern suburbs as I don't feel I know enough to argue it, but if you have taken a drive through the Gold Coast lately, there's For Sale signs and commercial space for lease left right and center. It has been rocked hard by lack of tourism thanks to the dollar (and generally being a f$&%ing tip these days) and there are various infrastructure projects that were propping up the tradies a few years ago (desal plant/water pipeline/hilton) that have since been completed, with many of the tradies having no next job to go to and leaving the coast to find work.

The Gold Coast economy is in a bad way, with the Commonwealth Games and the light-rail development being the next flicker of light for many. Natural disasters certainly have had an impact in my opinion but they are not the only factor at play.

As a young Brisbane resident saving a home deposit with my fiancee (not in ANY rush to deploy it) all I can say is that the pervasive feeling amongst people in my circle has become that the only way to move forward is debt free and frugally, with the very real possibility of our employers laying off staff suddenly or shutting down completely.

 

[trainspotter]

Both are examples of places with lasting deficit. ie radiation or threat of earthquake.

What happened to Japan's and Germany's economies after the war? Massive improvements due to new infrastructure and work for people to do.


Can it get any more basic than that?

How come Gold coast, sunshine coast, northern suburbs etc not impacted in any way at all by flooding have declined so much? Especially answer why there is any reason why suburbs not affected by flooding have tanked so much..... oh the flood argument falls to pieces again?

Do not just follow the R/E agent mantra and do some thinking for yourself?

MW

LOL ..... go DYOR Doc Vixs has some good cannon fodder there for you to chow down on.

P.S. As for the Japs and the Krauts I believe you would find it was the US money laundering machine that reignited their economies ...... but you already knew that didn't you !!!

 

[medicowallet]

LOL ..... go DYOR Doc Vixs has some good cannon fodder there for you to chow down on.

P.S. As for the Japs and the Krauts I believe you would find it was the US money laundering machine that reignited their economies ...... but you already knew that didn't you !!!

Yes, and insurance money will rejuvinate the Brisbane area (how long ago were the floods anyway?)

I guess that is what has helped places in NQ after cyclones and other similar natural disasters... kind of like Townsville where the R/E market came tumbling down when the cyclone came through, or the floods of 15 years ago there... hang on, that's right, they didn't affect R/E there at all.

Keep clutching at straws, you are quite good at it.

MW

PS - Just when will the floods stop being an excuse, oh that is right, you make statements and never, ever support them by backing them up.

 

[trainspotter]

Yes, and insurance money will rejuvinate the Brisbane area (how long ago were the floods anyway?)

I guess that is what has helped places in NQ after cyclones and other similar natural disasters... kind of like Townsville where the R/E market came tumbling down when the cyclone came through, or the floods of 15 years ago there... hang on, that's right, they didn't affect R/E there at all.

Keep clutching at straws, you are quite good at it.

MW

PS - Just when will the floods stop being an excuse, oh that is right, you make statements and never, ever support them by backing them up.

So go and buy up big spender seeing how you have promulgated that Brisbane is a boom town due to insurance monies !!

Townsville 15 years ago was not effected by RE reductions from floods as it is a common occurence up there .... LOLOL ..... last one in Brizvegas this big was 50 years ago !!

As for straw felching I am having an award made up in your honour

P.S. Geeeezzzzzzzzzz Doc ...... exactly when are you having "that" operation to improve your sh!tty outlook on life?

 

[medicowallet]

So go and buy up big spender seeing how you have promulgated that Brisbane is a boom town due to insurance monies !!

Townsville 15 years ago was not effected by RE reductions from floods as it is a common occurence up there .... LOLOL ..... last one in Brizvegas this big was 50 years ago !!

As for straw felching I am having an award made up in your honour

P.S. Geeeezzzzzzzzzz Doc ...... exactly when are you having "that" operation to improve your sh!tty outlook on life?

1. Townsville had not experienced any significant flooding (of that magnitude) since before the dam was built. Brisbane 1974 was not 50 years ago either, the math is not that hard.

2. I am not into property because I believe that forces other than "flooding" are keeping Brisbane's prices down, you know, such as the price being unaffordable historically, so, please do not think that your delusional assertions are in any way factoring into my investment decisions.

Again, failing to answer any questions, are you Robot's alt?

MW

 

[trainspotter]

1. Townsville had not experienced any significant flooding (of that magnitude) since before the dam was built. Brisbane 1974 was not 50 years ago either, the math is not that hard.

2. I am not into property because I believe that forces other than "flooding" are keeping Brisbane's prices down, you know, such as the price being unaffordable historically, so, please do not think that your delusional assertions are in any way factoring into my investment decisions.

Again, failing to answer any questions, are you Robot's alt?

MW

LOl ....... Give it a rest MW. Once again I reiterate ..... go DYOR as I do not need to answer your inane line of questioning. You were the one banging on how insurance money will turn Brisbane into a boom town as you have repeatedly pointed out.

SO GO AND BUY SOME PROPERTY THEN AND STOP HITTING THE BOARDS !

 

[medicowallet]

"Saturday 18th February 2012




Today's auction clearance rate was 58 per cent, compared to 64 per cent last weekend, and 63 per cent on this weekend last year.

The small reduction in the clearance rate follows a doubling of the number of auctions compared to last weekend.

A total of 546 auctions were reported to the REIV today. Homes sold comprise 317 of the total. The remaining 229 were passed in, 149 of those on a vendor's bid.

Next weekend the REIV expects 880 auctions followed by 870 in a fortnight.

Enzo Raimondo
CEO REIV"

ouch, only 58% clearance.

There are meant to be 1500 Auctions over this weekend and next. That figure is now supposedly 1420, so next week will be 1250.

I don't know what these clearance rates mean, but I do know they are subdued and under-reported

Keeping the facts real for the true believers

MW
The original Robots destroyer.

 

[Glen48]

Like to see if the amount of properties up for auction are increasing?
I did hear robots has full time job making for sale/auction signs, putting them and removing hence he can't reply and is looking for more workers to stem the tide.

 

[Starcraftmazter]

Afaik last weekend the volume was quite high in Sydney.

 

[village idiot]

you bears better be effin well right on this cos I have just sold our house to sit out of the property market for a while and put the equity to better use than the 4% rental return it was 'making'

 

[Starcraftmazter]

you bears better be effin well right on this cos I have just sold our house to sit out of the property market for a while and put the equity to better use than the 4% rental return it was 'making'

Well done buddy.

 

[Tysonboss1]

Yes, and insurance money will rejuvinate the Brisbane area (how long ago were the floods anyway?)

.

I think the scale is far to small to have an impact, and it would mostly be done by now any way.

 

[Tysonboss1]

you bears better be effin well right on this cos I have just sold our house to sit out of the property market for a while and put the equity to better use than the 4% rental return it was 'making'

Those same bears will be telling you the cash will be toilet paper in a few years due to hyper inflation,

My personal view is that property is some what over valued, but it is not panic time like they would have you believe, I hold some property but am not looking to sell, I am not buying either though,

If there is a reduction in prices back to the rental returns of 2000 I will probably buy another property though,

 

[Glen48]

Good on V I did you make a profit?
Now you need some PM's and sit back.

 

[medicowallet]

I think the scale is far to small to have an impact, and it would mostly be done by now any way.

and the flood waters receded ages ago..

So do you think that the flood is the cause of the current housing problem in Brisbane?

 

[young-gun]

you bears better be effin well right on this cos I have just sold our house to sit out of the property market for a while and put the equity to better use than the 4% rental return it was 'making'

Well done buddy.

+1. but i would also never make an investment decision based on the ramblings of a forum of any nature. here's hoping you have carried out alot of research before making such a decision

ps you made the right one imo, the prices are going down and staying down, welcome to australia, one of the last few remaining bubbles in the world. one thing i am tired of is my tax dollars supporting government handouts to artificially support these stupid prices. just pull out the pin already.