Australian (ASX) Stock Market Forum

House prices to keep rising for years

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Not a dooms dayer but I am alarmed in the rate of falls right across the commodities markets, not just mining but soft commodities to. This is still to feed back fully into the local economy.

I wont be surprised if we will see some of the bigger retail company's pop, clearly they have geared their rapid expansions of big new shop heavily.

Again to state the obvious the size of the credit contraction globally is on a massive scale anything can happen and the risk bias is to the down side.

Valid comments however the degree of stimulus provided worldwide, the level of committment to combat this fall worldwide and the low rates are yet to see their benefits kick in and may take most by surprise.
 
This Passive guy is saying that we will level out and will not suffer as greatly as has been suggested. In for a tentative year or two that is strongly favouring a resurgence of re in the West as the resources requirements will not diminish long term. Good time to be looking with good buying opportunities
more on a selected basis than large falls across the board.
Historically low rates will engender much needed disposable income amongst the remaining 96% or so still with a job.

Historically the situation the world is in now has never been experienced before. Passive you as many other people have your head in the sand. Oh well good luck.:banghead:
 
Numbers "Sometimes it is better to remain silent and be thought of as a fool than to open ones mouth and remove all doubt!."

Lets say 5 yrs ago I bought a $300,000 property with 20% down and had 4.5% compounding growth.

So I put $60,000 down
$300,000 compounded 4.5% annually over 5 yrs is now $373,854.
So I have a $60,000 now worth $133,854 or a 123% increase (Less costs) on my initial $60,000.


Times lots of places, yummy


Numbers, You have a lot to learn!
:p:
 
Amazing stuff, well not really.

Just had notification from the bank that some Brisbane property I had re valued last week, has increased by on average 12% on the valuation 18 months ago and the extra funds, if I choose to use them, are there for the taking.

Merry Xmas

Dropping house prices and credit crunch? Apparently only for some
 
Amazing stuff, well not really.

Just had notification from the bank that some Brisbane property I had re valued last week, has increased by on average 12% on the valuation 18 months ago and the extra funds, if I choose to use them, are there for the taking.

Merry Xmas

Dropping house prices and credit crunch? Apparently only for some
Hi, Do you have a link or some proof. Otherwise, it could be misleading at best. In other words, I doubt it.
 
Amazing stuff, well not really.

Just had notification from the bank that some Brisbane property I had re valued last week, has increased by on average 12% on the valuation 18 months ago and the extra funds, if I choose to use them, are there for the taking.

Merry Xmas

Dropping house prices and credit crunch? Apparently only for some

Fortunately the chimps brain is not as big as the gun it wields. good luck :eek:
 
Hi, Do you have a link or some proof. Otherwise it could be misleading at best. In other words, I doubt it.

Banks dont provide written details of the valuation, but the funds have been approved so a bit of backward numbercrunching was easy enough and my PB told me verbally what they were

Dont take my word on it what do I care, I have the funds and the increased val:p:
 
Banks dont provide written details of the valuation, but the funds have been approved so a bit of backward numbercrunching was easy enough and my PB told me verbally what they were

Dont take my word on it what do I care, I have the funds and the increased val:p:
In other words, completely disregard post 2589 as it has no citing.
 
Banks dont provide written details of the valuation, but the funds have been approved so a bit of backward numbercrunching was easy enough and my PB told me verbally what they were

Dont take my word on it what do I care, I have the funds and the increased val:p:

And the increased debt.

Now should be the time to be reducing leverage not increasing it imho but if it is working for you good luck.

Lancelot it looks like you have done well in property over the last X number of years but just out of interest have you given any thought at all to how your positions could be affected if we do see a serious drop in Oz property prices in the next few years?
And if so what measures have you put in place to guard against this? eg reducing leverage etc.

The thing that has me bearish on property in Oz atm is the fact the rest of the western world has seen some huge drops in property prices and I'm not so sure Oz's economy and RE market will be strong enough to ride it out without some sort of decent drop in prices.
Also with this credit crunch making finance harder to get (larger deposits & tighter lending standards) and if we do see an increase in unemployment (and it looks like we will) I think we will see a substantial shift in supply and demand which will affect prices as well.

Obviously we are yet to see this play out fully in Aust but to me the risks outweigh the rewards atm but in 12 months time we should have a clear picture.
 
In other words, completely disregard post 2589 as it has no citing.

Yes, because anything contradictory to your belief pains you so.

Real life examples don't count, make it go away:rolleyes:

Should I get it published in the MSM? would that hold any credibility?

What about links to websites that show increases?, but theyed have vested interests wouldn't they?

Keep clutching at straws noirua, you at least provide me with a laugh with your denial.

I'll believe it's all over for me when I actually see it in MY figures
 
And the increased debt.

Only an increase in debt when spent, not while its sitting there doing nothing
Now should be the time to be reducing leverage not increasing it imho but if it is working for you good luck.

I havent increased it
Lancelot it looks like you have done well in property over the last X number of years but just out of interest have you given any thought at all to how your positions could be affected if we do see a serious drop in Oz property prices in the next few years?
And if so what measures have you put in place to guard against this? eg reducing leverage etc.

Dilligently paid down debt intead of buying worthless junk over the years was my plan

$70 covers weekly repayments on each place at todays interest rate, rent is considerably more
 
Denial and delusional NC?

clench your fists and stamp your feet and your HPC may come true, in your dreams at least


your turning this thread into your own little spam blog .....

Im here debating ' House prices to keep rising for years ' ....

Not interested in peoples personal positions ...

And to save confusion what is it that we are in denial about exactly ?

:confused:
 
your turning this thread into your own little spam blog .....

Oh I dont know, with over 2000 posts I'm sure you have more posts than me spammy blogger, pot kettle black?
Im here debating ' House prices to keep rising for years ' ....

Cool, I thought you were arguing that its all downhill, house owners to burn blah blah blah

Not interested in peoples personal positions ...

I could say, "I know this other guy" if it makes you feel better, but I would have thought real examples to be better than some pap written by MSM with the sole purpose of selling newspapers

And to save confusion what is it that we are in denial about exactly ?

Nothing :rolleyes:, house prices to infinity and beyond
 
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