Australian (ASX) Stock Market Forum

House prices to keep rising for years

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wayneL said:
So basically, the construction industry cannot survive on its own merits; it needs taxpayer funds to support it.

hmmmm, what's that telling us?
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hello,

so? all the other industries like farmers, farmers, motor vehicle makers, manufacturing and all the rest getting benefits

just more sour grapes for most really, the great divide on and on (only an opinion, dont take it personally)

thankyou
robots
 
in the US homeowners get a tax deduction on interest rates....how good is that...there is a cut off point...not talking about rental props either

guys, sitting here in Melb sweating....that the fires wont take out the electricity lines...which supply 2/3rds of our electricity.....

no water,...huge drought, massive fires, heat, train problems.....and now a blackout.....are we in vic or some 3rd world country ????
apparently unions behind the train fiasco....
but the lack of water....unbelievable....4 helicopters fighting the fires to stop burning electricity lines...
 
Yup, reading the paper down there.. seems pretty bad right now. These are the sorts of things that the government has neglected to spend money on these for YEARS (even when I used to live there, there were these issues), and sure enough, eventually it all comes to a head. Surely building another power station and/or improving the public transport would create thousands of jobs? Instead it goes on Christmas hand-outs which are now gone into the wind.

Back onto Southport, mentioned onto that article.. Just had a look on rea, it's looking like it's going to become a real blood-bath there. Southport is hardly a very desirable suburb of the Gold Coast... and at the moment in the suburb there is over 1000 properties listed. A few 1 bedrooms approaching very low 200's.. *unthinkable* 12 months ago.

Rentals as well under $350/wk: 114 listed. 12 months ago when I was half-looking there, there was literally 12 properties listed in that price range. Shows how quickly the market can turn completely around being the whole "undersupply of rentals" to a massive oversupply. People must be leaving.

Upper Coomera, which has been mentioned previously is getting much worse with stale listings. Close to 500 properties listed.

Hope Island is good for a chuckle.. 100's there, once "the place" to be on the Goldcoast.. $900k-$2m: 196 properties listed!

You may think "so what, that's not much".. but remember the Goldcoast is a place of 500k permanent residents.

I suspected buying on the Goldcoast even 12 months ago was shaky, now it's really in dire straights in several suburbs. Massive falls in median prices aren't far away, unless people start swarming over the border.
 
With all the Storm Victims putting their homes on the market there will be blood.
 
robots said:
hello,

so? all the other industries like farmers, farmers, motor vehicle makers, manufacturing and all the rest getting benefits

just more sour grapes for most really, the great divide on and on (only an opinion, dont take it personally)

thankyou
robots
Click to expand...

Robots your ignorance is showing...farmers and manufacturing...getting handouts, please explain.
 
Glen48 said:
With all the Storm Victims putting their homes on the market there will be blood.
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That's one point of view...

and here's another ...
Townsville housing strain omen

Developers cited sluggish sales as the reason for scrapping a handful of projects. They included the Lancini Group's 204-apartment Springbank Urban Village and Hedley Group's high-rise T2 tower.

But with 1800 new dwellings required to house the nearly 4500 residents expected to move to Townsville this year, Ms Griffiths warned that the established housing market will have to absorb the spill-over of new residents.

"If the volume of development stock hitting the market does start to taper off over the next two to five years, Townsville could be facing a real shortage of properties," Ms Griffiths said.
Click to expand...
 
robots said:
hello,

http://business.theage.com.au/business/renters-face-tax-hit-20090130-7u1v.html

what a fantastic idea, renters have got plenty apparently so shouldnt be a bid deal, what do you think?

thankyou
robots
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hello,

yes robots I think that is a great idea, many property owners provide amazing infrastructure for people of society and its probably a good move in the right direction

we should support people doing these sorts of things and put it back to a user pays scenario

keep up the good work robots i always enjoy your posts

regards
robi
 
robots said:
hello,

yes robots I think that is a great idea, many property owners provide amazing infrastructure for people of society and its probably a good move in the right direction

we should support people doing these sorts of things and put it back to a user pays scenario

keep up the good work robots i always enjoy your posts

regards
robi
Click to expand...

Must have bought some bad weed:confused:
 
arco said:
Wheres the shortage?
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1800 new homes are needed each year, in a small city like Townsville. Development has slowed, considerably, if the article I linked to is to be believed... I highlighted (below) the bit you might have missed. If 1800 are needed and nothing like that is being built, something has to give... prices go up and rents go up... one assumes.

If the volume of development stock hitting the market does start to taper off over the next two to five years, Townsville could be facing a real shortage of properties
Click to expand...
 
Double-digit % price falls are great news for ordinary Aussies, but there's still much further to fall. Every city and large town in Australia is still severely unaffordable by objective measures.

By the time all is finished, thousands of property speculators will lose their shirts and be forced to work for a living.
 
xoa said:
Double-digit % price falls are great news for ordinary Aussies, but there's still much further to fall. Every city and large town in Australia is still severely unaffordable by objective measures.

By the time all is finished, thousands of property speculators will lose their shirts and be forced to work for a living.
Click to expand...

hello,

i hope you are helping your parents from losing their shirts xao?

maybe need to impart some wisdom, wouldnt want the inheritance to get walloped

i wonder if it will happen to the good ol' property investor or just the speculators

thankyou
robots
 
Some people here are having to many hand shandies....watch house prices over the next 6-12 months...continuing the overall trend over the last few months...down.
 
robots said:
hello,

i hope you are helping your parents from losing their shirts xao?

maybe need to impart some wisdom, wouldnt want the inheritance to get walloped

i wonder if it will happen to the good ol' property investor or just the speculators

thankyou
robots
Click to expand...

Oh dear cracking a barney over St Albans now. Is that where your supplier lives?
 
knocker said:
lol Must have been a bad hit, or maybe that combo weed/ice he's on ROFLMAO
Click to expand...

knocker said:
Oh dear cracking a barney over St Albans now. Is that where your supplier lives?
Click to expand...

mmmmm You seem to have a bit of an obsession with young robots m8


anything i can help with ?
we at the convent are very sympathetic listeners if you need a friend to turn to

P.S just wondering when you will get round to answering my querie in the people revolt thread also
 
People who own property are basically idiots. Baa Baa follow the rest of the rest of the sheep chasing the so called "Australian Dream"

What a joke!

Don't you realise that housing affordability is the worst in the world and house prices are just about to drop 50%.

You are idiots - well and truly!:p:
 
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