Australian (ASX) Stock Market Forum

The future of Australian property prices

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Gold should go down a bit more so be cashed up to buy to buy.
Soup kitchen: be to much Fed red tape to set one+ up better of getting in the ques.
 
Julia said:
I hope you're just being facetious. A depression would bring untold misery for hundreds of thousands of human beings.
Just think about how you'd go being on the unemployment benefit of around $230 p.w.
Do you really wish that on your fellow Australians, in addition to the many who are already thus living below the poverty line?
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+1 Julia. However IF the global economy was to head down this extreme path, and Australia was to be taken down in its wake, I think a full blown depression in te long run would be far better. It would most definitely rid the economy of certain negatives, as well as allow the growth phase to return faster and better than ever. I guess a sharp fierce depression or slowdown(that the gov actually allows to take place!) would be the equivalent of ripping off a band aid quickly. Not fun while it's happening but you know it will be over a lot quicker.

Not having ever experienced anything like this it's hard to speculate what the best way to the bottom would be, I personally don't think a couple decade long slow burn would be ideal. And for those laughing thinking that it's outrageous to think things will be grim for 20 years or more, it's now been a number of years since the GFC took hold, with no signs of letting go just yet.

Of all nations I think Australia is in the best position.

Anyway just reading the Australian and CSR (building products manufacturer) is saying worst the industries been in 15 years. Lend Lease claiming conditions will continue to deteriorate, St Hilliers collapsed - apparently due to bad weather and interest rates.

Yeehaa
 
Not sure OZ has all their Bum berries in the one basket minerals, coal and buyers declining the only bright light is natural Gas as heating and cooking will always be a world wide demand but it seems natural gas is every where now.

We don't have much more going for us the tourist industry is dropping off.
This depression will be like rust slow but working 24/7 but the feds will keep spraying WD40 until the can runs out then we can clean out the bad debt and start to recover.

Meanwhile sit back and enjoy the ride down gold is predicted to drop to 1430 so be cashed up.
 
Glen48 said:
Not sure OZ has all their Bum berries in the one basket minerals, coal and buyers declining the only bright light is natural Gas as heating and cooking will always be a world wide demand but it seems natural gas is every where now.
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So instead of all the doom and gloom and the world is ending, what do you suggest can get Australia out of the crap.

I for one are thankful that I get to live in this great country with lots of valuable resources under the ground. Would rather have them than not.

You need to start smelling the roses and look on the bright side of things, you are very depressing and projecting such constaint negativity is no way to develop a prosperous future.

Actually, do you work and pay taxes. Often find those that whinge the most don't actually contribute to society.

Cheers
 
Thank you Baldrick, you are correct no I don't pay any tax and if you read my last line I said be cashed up to buy so you can buy bargains this will be the best time ever to find some good deals.
PM's being top of the list.
Nothing wrong with be ready to jump.
 
Haha funny that - Ive also found those that are the most irationally bullish are usually the most highly leveraged .....

Like you Satan Im glad I live in this great country - It is great we have all these wonderful resources , but I really do wonder if the development of these resources over the last decades credit boom has been done responsibly .....

And most of our Mining companies are now Majority foreign owned ..... tax em through the eye balls I say :D

Be good to see our Dollar tank considerably and let other industries like Tourism, Manufacturing, Agriculture have a go again .....

Back to Houses - Hows that boom going ? Lower dollar might bring a couple of foreign investors back ? ;)
 
Mr Seeney said the interest on the debt totals $30 million a year, while rental income only reached $3 million a year.

The value of the properties continued to depreciate, he said.

Mr Seeney last week visited the Mary Valley to discuss the issue with locals.

Sales of the remaining 469 properties were halted last month for a review.


In 7yrs time when all these double QLd' will be in clover..
 
Glen48 said:
interest on the debt totals $30 million a year, while rental income only reached $3 million a year.

..
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Do you really understand what your trying to imply with that quote. as for picking you my margin liquidations and morgagee sales forget it wont happen until you cashed up renters stop paying bulk of the costs and you government stops fitting the rest. if this thead is anything to go by doesnt look like either are gonna stop anytime soon.
 
im sparticus said:
some of the best advice i was given was to learn from the people that have achieved success and discount those who havent. considering the most successful of us that are self made have not and probably would never consider building it through gold (while they may hold substancial amounts its not what got them there) stands to reason that there is a good chance its not possible. i know plenty of very well off bussiness owners, realestate investors, stock investors and to a lesser extent traders i dont know of any well of gold bugs. just my personal experiance.
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So let me get this straight.

There has been a property bubble in Australia - the biggest in the world, and some people "got rich" by mindlessly speculating on property - and that somehow makes them successful, even though they did not really do anything special or unique, analyse anything, or indeed contribute to the economy in any real way - and thus property "must be a good investment".

On the other hand, because gold is not an asset people generally speculate on, and so people don't really get rich with gold - gold isn't meant for that sort of thing, it is meant to be a currency of safe harbour, it is a "bad investment and must be in a bubble".

That about sums it up, does it?

satanoperca said:
So instead of all the doom and gloom and the world is ending, what do you suggest can get Australia out of the crap.
Click to expand...

We have had a multi-decade malinvestment of trillions of dollars into property - all of our wealth has been stolen by foreigners, and we have only ourselves (or better said, stupid governments) to blame.

Nothing can get us out, prepare for a 20 year depression.
 
The only ones who have make money out of property are those who could see it was a bubble and got out before it popped.
The rest are on the elevator going to the basement.
Move on to the next bubble GOLD and Silver.
 
A glimpse into our future maybe to peek at the advanced and innovative economy of the United States of America ......

Wages in Indianapolis are reasonably high with the median family income at $66,900, nearly $2,000 above the national median. Meanwhile, the median price for homes sold there during the first three months of 2012 was a mere $102,000.
Click to expand...

http://money.cnn.com/2012/05/17/real_estate/affordable-home/index.htm

Now imagine how well other areas of that economy must be doing without people having to waste so much on housing ....
 
I wonder how it will be viewed in 5 years time, those of us who have gone defensive with cash and no gearing...

Interesting times ahead..

Interest rates to go DOWN further..

Government with no money for further first home vendors boosts.


Mr Keen must be sitting back, feeling quite smug at the moment...


MW
 
just wondering if anyone has info on % declines of australian property, overall how much percentage wise has it fallen of its peaks historically before recovering and timeframes for said declines and recoveries??
 
Can anybody get data (sales from the Gold Coast area (mainly RP Data).

I ask this because l have seen that RSL Art Union and Boystown have lottery draws each month, and the properties are 'usually' over the $1 million price mark. I would like to see if you take these out of the equation, how the data might change?
 
The QLD state gov. spent 30m buying properties at for Traverson ? Dam project the properties were rented back to the original owners the ex owner's didn't know it but the feds did them a favour.
 

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