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Awesomely well done! I sold up about 2 years ago.
When you can buy 2 with it you probably should!
The future of Australian property prices
- Thread starter Joe Blow
- Start date
When you can buy 2 with it you probably should!
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you have indeed(jmo), congratulations also!
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Sold a fair bit of land up north to a developer during the impending boom of 2007
Purchased a near new home in cul de sac ville with the proceeds.
Now looking to a bit of a change,somewhere you can watch the sunset and not be surrounded by
noisy and inconsiderate neighbours.
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For those that think property is overpriced what do you think would be a fair m
edian for say sydney?
edian for say sydney?
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"Saturday 2nd June 2012
A clearance rate of 60 per cent was recorded this weekend compared to 57 per cent last weekend and 56 per cent this weekend last year.
The market continues to be subdued with activity at low levels as many investors wait to see an improvement in consumer confidence and economic activity. This translates to lower levels of competition between buyers and more moderate price outcomes.
There were 551 auctions reported to the REIV today with 332 selling and 219 being passed in, 145 of those on a vendors bid.
Next weekend the REIV expects around 140 auctions before around 645 the weekend after.
"
What a joke, keeping up the 60% after reporting 551 and expecting 650 this week.
What is the point in publishing such tainted data anyway, except to mislead the uninformed?
Nice to see that clearance results DO NOT have any effects on prices
Clearances up and up, prices down and down... master ROBOTS was correct!!
Sunshine and lollipops
MW
PS Where is Robots?
A clearance rate of 60 per cent was recorded this weekend compared to 57 per cent last weekend and 56 per cent this weekend last year.
The market continues to be subdued with activity at low levels as many investors wait to see an improvement in consumer confidence and economic activity. This translates to lower levels of competition between buyers and more moderate price outcomes.
There were 551 auctions reported to the REIV today with 332 selling and 219 being passed in, 145 of those on a vendors bid.
Next weekend the REIV expects around 140 auctions before around 645 the weekend after.
"
What a joke, keeping up the 60% after reporting 551 and expecting 650 this week.
What is the point in publishing such tainted data anyway, except to mislead the uninformed?
Nice to see that clearance results DO NOT have any effects on prices
Clearances up and up, prices down and down... master ROBOTS was correct!!
Sunshine and lollipops
MW
PS Where is Robots?
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210k.
I went to an auction today, (only for research on this area im buying into) passed in, no where near the advertised price....Did not make it onto the list on the REIV
The only people buying at the moment are cashed up bargain hunters.....
Ill take 5 please at that price
Glen48
Money can't buy Poverty
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Is that buy one take one? Will be in a few more years. USA house prices still hasn't stopped dropping
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Believe me the cashed up bargain hunters won't go near the market yet they have time on their hands and plenty of it.
Id disagree with that, I should rephase that to putting in offer 20% under asking....Thats after a 20% fall already.
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If it's a slowdown as i the past it will take years to recover, you're not getting bargains you're just paying the new uninflated price.
good to upgrade the home and keep the existing one at 6.5% yield
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Actually us medians are well above their gfc lows (currently sitting half way between lows and highs) gfc lows have not been tested
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yet**
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What are you on about?
Even if one was to (idiotically) consider nominal prices, it is still not true.
numbercruncher
Beware of Dropbears
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Where do you pluck this stuff from ? Do you just think " yeah that sounds good ill post that, state it like fact and see if I get quizzed or not .... "
Crikey ...
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haha i did think it was a bit far fetched, however i honestly didn't believe prices had fallen as much as the charts show. i thought they had a mild recovery, but it would appear not. just further evidence that you have no idea what you are talking about. perhaps you could produce a chart that favours your arguments? or isn't there any?
im actually wondering if you own any property or not.
