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House prices to keep rising for years
- Thread starter moses
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WaySolid
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Getting some valuations in Brisbane back at the moment.
One suburb + 19% growth in 12 months to July 08, another should be in a similar range, rents will be going up 10% at a minimum as well.
Talking to the valuer there is selective tightening in areas, depends where and how well you bought as well I think. You don't buy the median house you just buy 'a house', and I have done ok with my purchases it seems.
I'm still waiting for this period of extended stagnation, which I have been predicting, though am more impressed by my lack of ability to forecast as time goes on.
One suburb + 19% growth in 12 months to July 08, another should be in a similar range, rents will be going up 10% at a minimum as well.
Talking to the valuer there is selective tightening in areas, depends where and how well you bought as well I think. You don't buy the median house you just buy 'a house', and I have done ok with my purchases it seems.
I'm still waiting for this period of extended stagnation, which I have been predicting, though am more impressed by my lack of ability to forecast as time goes on.
hello,
well done g,
still plenty of great results out there, friend got letter for increase in rent
i find most people are accepting them as "cost" of moving both emotionally and financially is nothing compared to most increases,
thankyou
robots
Here you go property moguls 
http://www.abc.net.au/news/stories/2008/07/24/2312726.htm
Not sure how long people will take 10% year on year increases however.
http://www.abc.net.au/news/stories/2008/07/24/2312726.htm
Not sure how long people will take 10% year on year increases however.
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Depends which areas. Thank you lack of public transport infrastructureHere you go property moguls
http://www.abc.net.au/news/stories/2008/07/24/2312726.htm
Not sure how long people will take 10% year on year increases however.
hello,
good morning all, another great day on the cards
http://www.theage.com.au/national/home-sales-dip-20km-from-city-20080725-3l3h.html
couldnt see a 30 or 40% drop in there, great news and shows the strength of RE unlike these dodgy share market ventures,
still a great time for buyers
thankyou
robots
good morning all, another great day on the cards
http://www.theage.com.au/national/home-sales-dip-20km-from-city-20080725-3l3h.html
couldnt see a 30 or 40% drop in there, great news and shows the strength of RE unlike these dodgy share market ventures,
still a great time for buyers
thankyou
robots
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Hahaha! I will say one thing that is very much in RE's favour Robots. Proponents here can *RAMP* the hell out of it till the cows come home, yet will never be rapped over the knuckles for it, nor instructed to declare what interest they may have in doing so.
Whereas if it is shares related - well, that's *VOODOO* and time to talk to your lawyer....
Cheers,
AJ
explod
explod
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Hahaha! I will say one thing that is very much in RE's favour Robots. Proponents here can *RAMP* the hell out of it till the cows come home, yet will never be rapped over the knuckles for it, nor instructed to declare what interest they may have in doing so.
Whereas if it is shares related - well, that's *VOODOO* and time to talk to your lawyer....
Cheers,
AJ
And in academia qualification is also required. I realise general discussion needs to flow and still would if a clampdown occurred. Not only that it would be educational to all participants. Learning to qualify a statement makes one think more about it.
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Interestingly, just heard on ABC radio's morning Property Talk program a chap called up and said he owned his own house outright and a few years back had got an investment loan off Westpac for a few $100,000 to build two investment properties which were recently independently valued at $250,000 each. However, he has just gone back to Westpac and tried to get a small loan to install solar power on his residential home and was stunned to be knocked back this time.
As part reasons for the knockback, he found out that the bank only valued his two investment properties at $200,000 each and they now claimed his self employment status was too risky (but apparently not so for the first loans!!!) The ABC RE commentator told the caller that the reason is simply the banks have no more money to lend and are coming up with all sorts of excuses NOT to lend (a far cry from 2 years back, eh?), not unless you can now satisfy a whole raft of non-risky requirements.
So it ain't all beer and skittles out there....
AJ
(Disclaimer: Non-homeowner, non-property holder, renting)
As part reasons for the knockback, he found out that the bank only valued his two investment properties at $200,000 each and they now claimed his self employment status was too risky (but apparently not so for the first loans!!!) The ABC RE commentator told the caller that the reason is simply the banks have no more money to lend and are coming up with all sorts of excuses NOT to lend (a far cry from 2 years back, eh?), not unless you can now satisfy a whole raft of non-risky requirements.
So it ain't all beer and skittles out there....
AJ
(Disclaimer: Non-homeowner, non-property holder, renting)
Me too.. woopdie
Ain't that the truth. How long can it go on for? Share owners are good at taking a loss property owners...well it's their pride and joy. Accept a much lower price than they have placed against the property in their heart? How long do they want to put up with the stress? maybe just rent it out...
Ain't that the truth. How long can it go on for? Share owners are good at taking a loss
property owners...well it's their pride and joy. Accept a much lower price than they have placed against the property in their heart? How long do they want to put up with the stress? maybe just rent it out...
explod
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So in fact you are a Spin Doctor running us on a break. That your word is a fact.
It would appear that there was no component of social science in amongst that.
wayneL
VIVA LA LIBERTAD, CARAJO!
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It’s Saturday and it’s auction day
The agents are wielding the gable
Taking bids from dogs and trees and posts
And engaging in unintelligible babble
As to the houses they sell and the ones they don’t
It all comes down to a percent
And whether it’s seventy or whether it’s one
It’s always regarded as magnificent
When it all boils down to the winners and bums
Mr Hooker knows that’s not the mission
The goal of the agent, and to find out who won
Is to be the one with the commissions
Sorry, it's not me; my body has been taken over.
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I thought that might be the case, I just got distracted by the strange posting style.
And of course the stranger ideas on property prices and auction clearance relevance ha ha
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Dont recall his post but second quarter showed falls indicating 12% annual fall was possible.
If you are in the market long term who cares about fluctuations. And even if you are not lower prices means it will be easier to upgrade one day which most people want to do.
High property prices are in nobodys interest except by to lets types.
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