House prices to keep rising for years

[enigmatic]

Most melbourne Goer's are although then so are Sydney goer's and Perth goer's..

I'm personal West oz through and through so I'll be biased but i still think house prices arround here have a fair of slowing down to be had.

 

[kincella]

WA and QLD went higher than the rest of us...so of course I can understand your slightly sour sentiment........are you activley looking at house inspections ??? you really need to do that for at least 3 months...to find out the difference in prices...
I have found bargains in any market....due to ...divorce, retirement, and relocations , it creates an urgency imo...my motto is ..seek and ye shall find...

consider going out a bit further for the cheaper props...do not expect to afford your dream home as your first home, you can buy the dream home later, I do not see any sense of urgency now....just keep your eyes open...
if there is a risk about your job ...leave it until the risk is deflated

 

[enigmatic]

Oh I definetly should be able to afford my dream home later the decision is if i spend 400-500k on my first place or 600-750k on my first place..

Yeah Little sour about the prices of places in WA especially based on distance its become extremely expensive close to the City compare to the outter suburbs which have made the prices seem cheaper then they are..
Even a cheap home close is way above 600k.

 

[enigmatic]

And about looking at inspections i have been quiet busy working away for the last year and a half so havent really had much time only been reviewing places over the net.. will be starting my 3-6month inspections in a month.. hoping the bargins keep on coming.

 

[enigmatic]

Job is semi secure but then again there are few jobs that are secure in the current market.. Just waiting for some sort of sign that things should be alright and I will be happy to spend an extra 100k or so on a house..

 

[kincella]

I would be damned if I would consider paying anything over 350-400 for a house...said it 100 times...you can buy a house on the outskirts of Melb 1/2 hour to the city on the tollways....for under 300,000...more like 250.000

no way would I become a mortgage junkie...got better things to do with my life

daughter will only live in a house...not a unit...why ??? just so..the children never venture outside to play...too busy stuck to the tv or games....
units are 100 a week cheaper than a house...she struggles...but will not change ????

 

[enigmatic]

I do not plan to have my mortgage for life either Kincella, pay it off hopefully with in 6-10years.. I would be hard pressed to find a house close to 350k in Perth that is even half decent..
Were I'm living now the house would cost 450k and most places arround it would be similar price and yet for me to get to work which is only a stones throw from the city (South Perth) Im looking at 1hour 20mins some mornings 50mins return.. No money I save can cover the loss of time each day and the anger driving to work causes me.

heck if I lived at work that would technically be 100dollars extra a day (2000 a month)
thats one nice house that i can afford not including reduction in traveling cost.

 

[robots]

hello,

here we go, here we go:

http://www.theage.com.au/national/lending-to-housing-investors-plunges-20090414-a699.html

finance and building numbers down for investors this is fantastic, hope it continues long into the future

thankyou
robots

 

[kincella]

investors...still a healthy 8 billion...down from 12 billion....so its dropped 30%,
nothing wrong with those figures....the rest of the economy plunges 50-90%
:sheep:

 

[satanoperca]

finance and building numbers down for investors this is fantastic, hope it continues long into the future

thankyou
robots

t

You sure you have the right thread.
Fantastic, the market is being held up by FHB's, investors are standing on the side line with IR rates being the lowest in 40 years, the only way is up for RE prices, get on now, in one or two years you will be priced out of the market.

Just to be shot down, are investors staying away from RE at the moment because NG has become almost ineffective from a tax reduction viewpoint?

 

[robots]

hello,

hello and good evening,

i heard the Residex results are out, anybody got them? how Melbourne go?

Satanoperca, i am getting excited about that slab of ruskies and chicken parma with vegetables coming up

prices to keep rising forever and ever

thankyou
robots

 

[nunthewiser]

prices to keep rising forever and ever

thankyou
robots

LOL

sunshine and lollipops


have a great evening

 

[Beej]

i heard the Residex results are out, anybody got them? how Melbourne go?

Just saw info on this on the ABC news, a bit light on detail but here's what Alan Kohler put up:

Residex data for March (quarter or month?)

* National house prices up + 0.6%
* Melbourne best; up +1.6%
* Perth worst; down -1.9%

Will wait to find out more detail in newspaper articles tomorrow

Cheers,

Beej

 

[robots]

hello,

thankyou

thankyou
robots

 

[MichaelWhyte]

Here's John Edwards report on the latest stats:

NSW leads the way

Happy days, though we're not out of the woods just yet.

Cheers,
Michael

 

[robots]

Here's John Edwards report on the latest stats:

NSW leads the way

Happy days, though we're not out of the woods just yet.

Cheers,
Michael

hello,

thanks Michael, you a true legend from Somersoft brother (along with all the other Kings, especially KeithJ)

fantastic report on the various situations across australia

Kimosabi is on the money

thankyou
robots

 

[Beej]

Here's John Edwards report on the latest stats:

NSW leads the way

Happy days, though we're not out of the woods just yet.

Cheers,
Michael

That is a very informative report with lot's of useful data and rational analysis. As expected most area's in the country now registering price growth for both houses and units, with only Perth and Brisbane (the real boom/bust states) holding the national stats back.

Thanks for posting!

Beej

 

[kincella]

Morning all, good news again today for Victorians...Brumby Govt taking over planning controls to speed up some major projects, to create 13700 jobs...in the building industry and create some more homes....
for the melbourne @ 5 million blueprint....

and thanks to the poster for the Residex newsletter....it certainly presents some sobering news....when compared to the drunken noise...of the world coming to an end of the past 2 years :sheep:

http://www.theage.com.au/national/brumby-sidelines-councils-20090415-a7gy.html?page=-1

 

[robots]

hello,

good evening, great day across Australia for everybody i hope

yes Harry Madden has jumped in to take charge of the planning department and keep things ticking over in Melbourne

anyone heard from Knocker? oh well, maybe still overseas at his villa

just in for the night to watch Grand Designs and Inspector Rex, so if any ASF members have questions then fire away

thankyou

Associate Professor Robots

 

[kincella]

evening Robots...good news just keeps coming...is the grand designs a repeat of least years show ?