- Joined
- 27 February 2008
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- 10
thanks cuttlefish
Whats Pommie's saying is that people will for example pay $700 a week rent in a place that they could be paying off the full loan for at $500 a week.
i.e. investors will have positive geared property from the outset because sentiment is so bad due to falling prices and low confidence that people would prefer to pay $200 a week more to rent vs buying, rather than risk taking a big loan for something that will fall in value.
I think that the scenario is likely but it usually comes about through both a combination of falling prices, fallilng interest rates and rising rents all working together - its not solely caused by the price falls alone. The balance varies depending on location.
Priceless
My experience would indicate otherwise. I'm looking for a new place to rent in Brisbane and prices seem to have gone through the roof. The place I'm in now is increasing from $280/w to $310/w and the landlord has absolutely refused to negotiate, saying that it's in line with the current market.
hello,The place I'm in now is increasing from $280/w to $310/w and the landlord has absolutely refused to negotiate, saying that it's in line with the current market.
Hookers are never out of work in Grey Street, guess that is why the values are holding up
Robots will have fun when he pops in at his usual time
hello,
just keep in mind Number, people here are celebrating the negative results of this document
g man posted it earlier, probably pg80 or so
so its only fair that all figures are considered factual,
actually same document that has Toorak down +20% and Melton up 6%
thankyou
robots
News!!! News !!! St. Kilda down 50% in 2008, check the latest RE report. Melbourne council is receiving property for a fee from owners which properties are now worth 1/10 of their mortgage. Also Commonwealth just set up a new real estate office to put all their foreclosure properties for sale or lease. Leasing a 5 bedroom with 4 baths for $200 a month. This is real check with robots the latest CBA report page 102.
Australia down 40% in 2009 check the previous report from HGF page 52.
What a piece of crap this thread, no fundamentals and this guy robots just keep posting crap and crap and the worst thing is that is ALL FALSE. I did not know confine psychiatric hospital have internet this days.
Keep up your game mods and make this a worth forum.
WBII
please provide links or verification of your claims otherwise u just another jive talkin honky in my book chief
ps do u really have to resort to attacks in every post or is normal courtesy and manners beyond your reach
thanks champ
Well, well, well, that is the kind of crap that you and robots keep posting day after day. No fundamentals, no links juts crap.
WBII
Real estate agent Adrian Gordon, who is the licensee of Lifestyle Choice Realty in Sydney's north-west, says he is seeing property prices fall by as much as 15 to 20 per cent in his area, well above the national average.
But he says landlord status, even if only for a temporary period, is not part of the core business of St George, and economic conditions in Australia have not deteriorated as much as they have in the UK and US.
"Our first priority is to keep the homeowner in the house," he said.
"That really is the absolute last resort that we would respond to that, you know, we've got a portfolio of 450,000-plus houses.
"We've only got 80 houses in repossession. So, you can clearly see that the economic cycle is pretty strong still in Australia and also clearly it is not a policy of option."
LOL ok my turn to be attacked now hey ??? blessya son ..but if u scroll back i have not ramped property in fact pointed out numerous times the opposite .
now look darl , just because im the only one left on this forum u havent attacked yet dont mean ya can .ok ?
News!!! News !!! St. Kilda down 50% in 2008, check the latest RE report. Melbourne council is receiving property for a fee from owners which properties are now worth 1/10 of their mortgage. Also Commonwealth just set up a new real estate office to put all their foreclosure properties for sale or lease. Leasing a 5 bedroom with 4 baths for $200 a month. This is real check with robots the latest CBA report page 102.
Australia down 40% in 2009 check the previous report from HGF page 52.
What a piece of crap this thread, no fundamentals and this guy robots just keep posting crap and crap and the worst thing is that is ALL FALSE. I did not know confine psychiatric hospital have internet this days.
Keep up your game mods and make this a worth forum.
WBII
Nunthewiser is not about you, it is about the crap that people keep repeating time after time and which is false and does not add anything to the forum.
The reality is prices are going down as simple as that.
WBII
I agree, all they post is rhetoric and they look past facts. It's called confirmation bias and it's a powerful force.Nunthewiser is not about you, it is about the crap that people keep repeating time after time and which is false and does not add anything to the forum.
The reality is prices are going down as simple as that.
WBII
I agree, all they post is rhetoric and they look past facts. It's called confirmation bias and it's a powerful force.
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