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I can't see a problem with housing in brisbane.
what exactly do you think is the problem with housing,
The future of Australian property prices
- Thread starter Joe Blow
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I can't see a problem with housing in brisbane.
what exactly do you think is the problem with housing,
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Apart from the price decrease last year, not much actually..
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i may be crazy, but wouldnt substantially LESS AVAILABLE HOUSES due to flooding at the time cause prices to go up? unless of course the floods deterred more people from buying than those that were forced to vacate, whether it be permanently or temporarily. after all it comes down to good ol' supply and demand. i cant imagine a flood that only affected certain areas wold discourage people from purchasing in areas that not only weren't affected, but would never even come close to experiencing flood waters anyway?
in theory if people decided they werent going to buy in flood areas this should increase values of property outside of these areas, once again supply and demand.
prices are falling due to demographics and a deflating debt bubble. oversupply, lack of demand.
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It's all swings and roundabouts,
Remember as much as the media loved pushing the story, the damage was relatively contained to a very small area.
The price of property has come back a bit nation wide, it is not a brisbane thing.
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These are my thoughts too, but some posters here think the opposite
I guess they are trying to find explanations for the retreat that give them solace..
MW
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Glen48
Money can't buy Poverty
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When things go pear shape people move in with rellies , parents or put C.van in the back yard, just like did in the 80's
Knobby22
Mmmmmm 2nd breakfast
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True, and those empty McMansions could be rented out to three single mother families who would have plenty of room for them and their kids plus have the social advantages of helping each other out in lieu of extended family.
I'm sure we would have lots of empty houses if times got bad, rents dropped and people moved in with each other. Needs high unemployment though and I can't see that occurring at this time but who knows?
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If rents dropped why would people move in with each other,
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Something like this?
Even though we should see the Roy morgan stats flow through to the ABS set, I still don't think that level of unemployment would cause any real issues in the price of housing in Australia...
That's not to say that they'll go up, just that I dont think it will have a major impact.
Glen48
Money can't buy Poverty
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The RBA should start dropping IR soon as next month and continue doing that until it hits 0% like the rest of the World and given Gillard/Rudd/Abbot?Turnbull/ any one wants to stay in office who knows what will happen but a FHOB MRK 3 should be on the cards.
House prices could go any where.
As for lower rate if you don't have job or part time job you move in with others or like the elderly in Japan turn to pick pocketing , shoplifting to survive.
So if your tenant turns up with a few cartons of M&M to pay the rent you will understand.
House prices could go any where.
As for lower rate if you don't have job or part time job you move in with others or like the elderly in Japan turn to pick pocketing , shoplifting to survive.
So if your tenant turns up with a few cartons of M&M to pay the rent you will understand.
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Unemployment is a lagging indicator, house prices are a more leading indicator.
Unemployment will go up because house prices go down - not the other way around. Then it will develop into a self-feeding loop.
Unemployment will go up because house prices go down - not the other way around. Then it will develop into a self-feeding loop.
Knobby22
Mmmmmm 2nd breakfast
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I agree. Need unemployment officially around the 9% level which would take the underemployment level up a lot also. Still plenty of money around, things aren't that tough.
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As per my predictions, 1274 of the expected 1500 auctions were reported over the last 2 weekends.
(317+454)/1274 = 60%
(317+454)/1500 = 51%
This weekend had 728 auctions compared to 958 last year, when now there are more houses listed. R/E agents must be all on holidays if they are that less productive than previously, or sellers have lost confidence.
I hope people don't take these figures seriously as they may not be able to be used at face value.
MW
P.S. Where is Robots? Is the power off there Robots? I have an old kero fridge you can borrow.
(317+454)/1274 = 60%
(317+454)/1500 = 51%
This weekend had 728 auctions compared to 958 last year, when now there are more houses listed. R/E agents must be all on holidays if they are that less productive than previously, or sellers have lost confidence.
I hope people don't take these figures seriously as they may not be able to be used at face value.
MW
P.S. Where is Robots? Is the power off there Robots? I have an old kero fridge you can borrow.
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John Edwards, from Residex, was on Sky Business this week he said the clearance rates in Sydney and Melbourne are in the mid to low 40's.
He was also fairly disparaging about APM's methodology for measuring house supply; there's a lot of duplication when the market stagnates.
He was also fairly disparaging about APM's methodology for measuring house supply; there's a lot of duplication when the market stagnates.
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61% clearance rate today in melbourne
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nor i
But wil be a problem for all those FHB of the last few years thanks to this disfunctional govnuts approach to property/debt and the FHBG who will be faced with negative equity and being a slave to the banks for many many many years to come.
And then the negative sentiment that will run through society due to falling property prices and yes they are in decline and stocks levels are rising month on month.
I for one don't want to see peoples hopes and dreams dashed, but on the other hand I cannot support such high prices and the cost they impose on greater society. Now how was retail going.
Prices on the way down down prices are down.
Cheers
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According to who?
