BentRod
ZZZZzzzzZZZZzzzzzzzz
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:bricks1:Some are praying.
Some are overpraying.
House prices to keep rising for years
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thats a decent mulloway in your av 
BentRod
ZZZZzzzzZZZZzzzzzzzz
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:topic
Cheers big ears (went 53lb)
ps...very disappointed Nun...dropped into your place (ASF Chat) to say Gday and was ignored.:
Cue back on topic....
Cheers big ears (went 53lb)
ps...very disappointed Nun...dropped into your place (ASF Chat) to say Gday and was ignored.
:Cue back on topic....
hello,
are you sure that is correct? gee wonder whats going on out there, i will wait for the REIV stats as they are always correct as HomePriceGuide have a vested interest
oh well, least we not back to 2005 levels like all the super funds getting around and the shonk exchange,
rents up 1.8%, will just save all the money that I dont have to put in the mortgage from all the falls in money renting rates, paradise
thankyou
robots
are you sure that is correct? gee wonder whats going on out there, i will wait for the REIV stats as they are always correct as HomePriceGuide have a vested interest
oh well, least we not back to 2005 levels like all the super funds getting around and the shonk exchange,
rents up 1.8%, will just save all the money that I dont have to put in the mortgage from all the falls in money renting rates, paradise
thankyou
robots
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Robocop
Great to see your still doing the rounds.
Not that there should be a Aussie Stock Forums Isolated to one suburb in whole of Australia thread (great objective analysis--->as long as your entertaining yourself!
)As long as you remain on the thread, IF and I say IF your property price gets smashed, just hang out and get slayed! Only time will tell! Its only fair to get what you give, RIGHT?
lol, that is also the view of most of the bears, most acknowledge that property is a good long term investment but is generally overpriced atm.
Why are the bulls waiting I wonder? Same reason as the bears perhaps?
wayneL
VIVA LA LIBERTAD, CARAJO!
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Now for 2 people quote..both property investors, who is the smart one
"I always felt very secure and very safe with real estate. Real estate always appreciates. " Ivana Trump (Donal Trump's wife)
"I kind of hate to be the voice of doom, but I just can't see how prices can't go down. I think people have actually forgotten that property prices can decrease. There's this feeling that they just won't fall, but, of course, that's not true." Sarah Beeny.
Here is another one, they find reasons for when interest went up and now interest rate down must be good for property hahaha..
"Interest rates are going to go up because employment is going to go up. If employment goes up, then our apartments get filled. And if employment goes up, our office buildings get filled. The reality is that increased economic activity combined with increased interest rates is basically bullish for real estate." Sam Zell
"I always felt very secure and very safe with real estate. Real estate always appreciates. " Ivana Trump (Donal Trump's wife)
"I kind of hate to be the voice of doom, but I just can't see how prices can't go down. I think people have actually forgotten that property prices can decrease. There's this feeling that they just won't fall, but, of course, that's not true." Sarah Beeny.
Here is another one, they find reasons for when interest went up and now interest rate down must be good for property hahaha..
"Interest rates are going to go up because employment is going to go up. If employment goes up, then our apartments get filled. And if employment goes up, our office buildings get filled. The reality is that increased economic activity combined with increased interest rates is basically bullish for real estate." Sam Zell
numbercruncher
Beware of Dropbears
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Another bullish property analyst in the Courier mail .....
Funny how they all come out of the woodwork as thousands of jobs losses are announced ...
http://www.news.com.au/couriermail/story/0,23739,24949022-3102,00.html
property analyst in the Courier mail .....Funny how they all come out of the woodwork as thousands of jobs losses are announced ...
http://www.news.com.au/couriermail/story/0,23739,24949022-3102,00.html
Robocop
Great to see your still doing the rounds.
Not that there should be a Aussie Stock Forums Isolated to one suburb in whole of Australia thread (great objective analysis--->as long as your entertaining yourself!
As long as you remain on the thread, IF and I say IF your property price gets smashed, just hang out and get slayed! Only time will tell! Its only fair to get what you give, RIGHT?
hello,
just back from tennis, another fantastic day and I can imagine not much interest in RE when you see whats going on with the shonk exchange
thats right Gumby, i have said previously I wouldnt have a clue what will happen and also I will cop it on the chin,
might hit centrelink on Monday see if I can get any assistance i think the office is in Prahran, probably just sit in the corner staring at the walls over the weekend
thankyou
robots
robots,
tennis is terrific, Melb is terific, weather a bit hot for me...but otherwise its all good....
no worries about st kilda....or anywhere really....plenty of affordable houses around... in vic and nsw....the qld and wa markets went above these markets for median prices by over 100,000.....so there maybe some downside for awhile in the mining states....but they will return and stabalise....mining and resources will come good again.....
the boom bust cycle always ends in tears for some....its part of the process, and then it will be forgotten again....in the meantime....some will need to sober up....reassess the future....and become more resourceful...its a good learning process...
I am a baby boomer....so have the 'been there and done that attitude'.... the learning experience, is the cream on the cake, and can prepare you for the next time......and there will always be a next time....
opportunites are there if you look for them....
in the meantime, knuckle down and do some hard work.....it will pay off in the end
cheers
tennis is terrific, Melb is terific, weather a bit hot for me...but otherwise its all good....
no worries about st kilda....or anywhere really....plenty of affordable houses around... in vic and nsw....the qld and wa markets went above these markets for median prices by over 100,000.....so there maybe some downside for awhile in the mining states....but they will return and stabalise....mining and resources will come good again.....
the boom bust cycle always ends in tears for some....its part of the process, and then it will be forgotten again....in the meantime....some will need to sober up....reassess the future....and become more resourceful...its a good learning process...
I am a baby boomer....so have the 'been there and done that attitude'.... the learning experience, is the cream on the cake, and can prepare you for the next time......and there will always be a next time....
opportunites are there if you look for them....
in the meantime, knuckle down and do some hard work.....it will pay off in the end
cheers
Glen48
Money can't buy Poverty
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The only reason Trump survived because he owed the Banks 900Million and they didn't want to bankrupt him he was lucky and came good.....who knows now.
Houses in Toronto have dropped 15% this Year not bad for 3 weeks and only 49 left.
Houses in Toronto have dropped 15% this Year not bad for 3 weeks and only 49 left.
To paraphrase one your property bear poster compatriots: "linklinklinklink link???"
Cause I'd love to know how you measure a statistically significant across the board price drop like that in January over only 3 weeks!
Beej
numbercruncher
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To paraphrase one your property bear poster compatriots: "linklinklinklink link???"
Cause I'd love to know how you measure a statistically significant across the board price drop like that in January over only 3 weeks!
Beej
Hello,
Im currently very bearish on Aussie RE yes (actually most of the banana republics economy to be honest), but not a permabear in the same way that you are a permabull - most bears are more like realists, did yah ever notice ?
Fair call asking for a link
Thankyou
numberbotics
hello,
more great news out from the REIV:
http://www.reiv.com.au/news/Rental-homes-hard-to-find-in-Victoria
sensational, down to 1% and with money renting rates getting whacked in a week or so this is fabulous
rang the centrelink hotline today, they are currently considering my circumstances to see if can join the party on Newstart and mortgage assistance
thankyou
robots
more great news out from the REIV:
http://www.reiv.com.au/news/Rental-homes-hard-to-find-in-Victoria
sensational, down to 1% and with money renting rates getting whacked in a week or so this is fabulous
rang the centrelink hotline today, they are currently considering my circumstances to see if can join the party on Newstart and mortgage assistance
thankyou
robots
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To paraphrase one your property bear poster compatriots: "linklinklinklink link???"
Cause I'd love to know how you measure a statistically significant across the board price drop like that in January over only 3 weeks!
Beej
Found this without too much effort...
http://toreal.blogs.com/toronto/2009/01/january-home-sales-down-50.html
This only says down 12% though... could be year on year I guess???
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Independent research paints a different picture with 3.9% vacancy rate for Melbourne...
http://www.sqmresearch.com.au/article.php?base=news&a=1
numbercruncher
Beware of Dropbears
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From that link:
So that in fact suggests a $15k MEDIAN price decline, year over year, from $316k = 4.7% in fact. As we all know, median, while not perfect and still subject to fluctuations based on the mix of sales in a particular sample, is more stable and a better indicator than the average price - which is what the 12% y/y figure in that article refers to. Also in AU we almost always talk median prices so we have to compare apples with apples.
So the facts seem to be a bit different to Glen48s assertion as follows:
Glen48 said:
Thanks for following up for Glen48 with a link proving that his statement was at best completely wrong and at worse an obvious attempt at downramping via the use of a dramatic made up statistic!
Cheers,
Beej
Glen48
Money can't buy Poverty
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Sorry had it all wrong:
From Patrick.net
The Toronto Real Estate Board yesterday reported a meagre 888 sales in the first half of January, compared with 1,776 sales during the same period a year ago.
The average price of a home is also down, 9.5 per cent to $332,495, compared with last year's $367,574 – a $35,000 plunge.
"The economic situation in Canada has changed noticeably over the past year ... Toronto is not immune to this," TREB president Maureen O'Neill said.
"The GTA housing market has been impacted."
Realtors say a flurry of buying last January to escape Toronto's new land transfer tax that came into effect in February 2008 may have exaggerated the year-over-year drop.
Sales in the city of Toronto are off 54 per cent in the first 15 days of 2009, while prices are down more than $40,000 for the average home. Homes in the 905 suburbs were not hit as hard, with sales down 47 per cent and prices off $26,000.
There is no question this will be a difficult year for the housing market as well as the commercial real estate market.
From Patrick.net
The Toronto Real Estate Board yesterday reported a meagre 888 sales in the first half of January, compared with 1,776 sales during the same period a year ago.
The average price of a home is also down, 9.5 per cent to $332,495, compared with last year's $367,574 – a $35,000 plunge.
"The economic situation in Canada has changed noticeably over the past year ... Toronto is not immune to this," TREB president Maureen O'Neill said.
"The GTA housing market has been impacted."
Realtors say a flurry of buying last January to escape Toronto's new land transfer tax that came into effect in February 2008 may have exaggerated the year-over-year drop.
Sales in the city of Toronto are off 54 per cent in the first 15 days of 2009, while prices are down more than $40,000 for the average home. Homes in the 905 suburbs were not hit as hard, with sales down 47 per cent and prices off $26,000.
There is no question this will be a difficult year for the housing market as well as the commercial real estate market.
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