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The eye of the storm!!!!!
House prices to keep falling for years
- Thread starter Pommiegranite
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nice summary table.
Latvia is in such a mess, just read the press about it. If they devalue, it could be up to 30%. A spectacular example of over-speculations.
I'm surprised Singapore dropped more than US though but no surprised German fared pretty well since their house prices have only tracked inflation almost perfectly during the last 100 years of data. (whereas, Australia have risen way above inflation rate since the 1990s)
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So what do you think, are they like lambs to the slaughter?
Source: First-home buyers at all-time high
Source: First-home buyers at all-time high
So what do you think, are they like lambs to the slaughter?
Source: First-home buyers at all-time high
Funny that they "forgot" to note the most important factor on the graph - interest rate reductions!
It just so happens that the big interest cuts started in Oct/Nov 08 as well as the intro of the FHBG boost. Prior to Sep 08 variable mortgage interest rates were at a 15 year high of 9.5%.... 2 BIG cuts came in Oct (1%) and Nov (0.5%).
Cheers,
Beej
Lambs to the slaughter? Perhaps some of them.
What I would be more concerned about is the cost of building a new one once the rise in commodity prices hits.
Here we are sitting in the middle of a global recession and oil has jumped 50pct from its lows.
What I would be more concerned about is the cost of building a new one once the rise in commodity prices hits.
Here we are sitting in the middle of a global recession and oil has jumped 50pct from its lows.
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sure is a worry..... especially for those cash strapped new home buyers paying there way on that plastic and driving them new flash credit cars to tow that credit floated boat ...... bought in at record low intrest rates , with record bags of bonuses , stimulated by there stimulisation packages ...
oops ang on .........sounds like the great ozzie dream there
intrest rates rise ..never ........
unemployment rising................never .......
both parents working fulltime to keep afloat on all them bills .............never
unemployment hits 10%.....lol nah never
sunshine and lollipops boys and gals
i love a sunburnt country
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I wonder how many % actually locked in to the high rate say, 6 months before the fall?
hello,
they going to be on the ride of life in the not to distant future, 5yrs, 10yrs, 15ys+ gone before your eyes
and slowly but surely building up the prize asset all for just by putting the key in the door and saying "i am home love"
playing a bit of driveway cricket, sitting back on the patio, getting the fire going in the shed
well done to those represented, tax free and do as you please
anybody know if we at ZERO interest rates yet?
thankyou
associate professor robots
they going to be on the ride of life in the not to distant future, 5yrs, 10yrs, 15ys+ gone before your eyes
and slowly but surely building up the prize asset all for just by putting the key in the door and saying "i am home love"
playing a bit of driveway cricket, sitting back on the patio, getting the fire going in the shed
well done to those represented, tax free and do as you please
anybody know if we at ZERO interest rates yet?
thankyou
associate professor robots
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I don't think anyone has ever disputed the tangible lifestyle benefits of owning your own home............so I fail to see the relevance..........or is this just one of those silly sunshine and lollipop posts
cheers
So what do you think, are they like lambs to the slaughter?
Source: First-home buyers at all-time high
hello,
in reply
thankyou
associate professor robots
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Property prices always go up, so far, but the rise is always interrupted by crashes from time to time, this one is overdue and imminent.
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Your graph is but a nipple on the bubble of housing.
hello,
oops, found it:
"Ummmm no; Surry Hills unit median price UP 14% ($410k -> $466k) over the past 6 months according to APM data, (check for yourself here:
http://www.homepriceguide.com.au/sna...iew&source=apm)." Thanks Beej
another sunshine & lollipops moment
thankyou
associate professor robots
oops, found it:
"Ummmm no; Surry Hills unit median price UP 14% ($410k -> $466k) over the past 6 months according to APM data, (check for yourself here:
http://www.homepriceguide.com.au/sna...iew&source=apm)." Thanks Beej
another sunshine & lollipops moment
thankyou
associate professor robots
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You can't see the bubbles for the nipples
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Oops! I thought the credit crunch was over?
CommBank lifts rates in surprise move
"The rise is a consequence of higher funding costs facing the banking sector as cheaper-priced money borrowed by the country's main lenders over the past few years rolls over to be replaced by more expensive debt being charged for by international credit markets"
CommBank lifts rates in surprise move
"The rise is a consequence of higher funding costs facing the banking sector as cheaper-priced money borrowed by the country's main lenders over the past few years rolls over to be replaced by more expensive debt being charged for by international credit markets"
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and Swan will say thats naughty,and the other banks will follow and the FHB's will suffer, hopefully before they have a chance to vote on if they return the little faggot (ooohh thats nasty but it feels good)
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I think it's all good stuff. Hopefully it'll give those lemming FHOG buyers a kick in the nuts. 
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