House prices to keep rising for years

[ROE]

Hello,

" House prices to keep rising for years "


haha funny stuff .....




http://money.ninemsn.com.au/article.aspx?id=809366

Thankyou.

Never fear house price double every 7 years..it just didn't go up this year or the year before ..it maybe do a 100% growth on year 7 ....we are different we can do 100% in one year..
it goes down because my neighbour keep lowering his price not because of anything else

 

[MrBurns]

Merely consolidation before the next upswing. Sorry fella's but that penthouse in Point Piper is going to remain a pipedream.

Next upswing - 5 years.

 

[robots]

hello,

just in case anyone missed the names of the websites i listed earlier:

rpdata.com.au

apm property monitors.com.au

thankyou
robots

 

[dhukka]

Looks like the robot is malfunctioning, but that's what happens when you drive off a cliff looking in the rear vision mirror with beej whispering sweet nothings in your ear and kincella in the back seat with his ......... up your ..........

 

[Adam A]

rotflmao

 

[robots]

hello,

just in case anyone missed the names of the websites i listed earlier:

rpdata.com.au

apm property monitors.com.au

thankyou
robots

Hello,

i have had numerous requests by PM for the links, so here they are again for those interested

thankyou
robots

 

[robots]

hello,

sorry, sorry everybody i got one of the addresses wrong, so here they are in the correct format:

rpdata.com.au

apmpropertydata.com.au

apologies for the error

thankyou
robots

 

[Soft Dough]

Hello,

i have had numerous requests by PM for the links, so here they are again for those interested

thankyou
robots

for the PM or from the PM.

Cause I'm sure he has no idea about what happens in the real world also.

 

[So_Cynical]

Looks like the robot is malfunctioning, but that's what happens when you drive off a cliff looking in the rear vision mirror with beej whispering sweet nothings in your ear and kincella in the back seat with his ......... up your ..........

That's Comedy Gold. :thankyou:

 

[kingbrown]

Looks like the robot is malfunctioning, but that's what happens when you drive off a cliff looking in the rear vision mirror with beej whispering sweet nothings in your ear and kincella in the back seat with his ......... up your ..........

CLASSIC dhukka !
I love some of the SHEEPLE on here he he !

 

[ROE]

http://www.theaustralian.news.com.au/business/story/0,28124,25426654-643,00.html?referrer=email

The media must got it wrong, damn it when am I going to double my money?
my money going down the toilet with -ve gearing and house price going backward sound like margin loan all over again.

and I like to save this quote for future references

“The acute shortage of new homes and accelerating population growth will, however, prevent falls similar to those in weaker, offshore markets,” Ms Kevans said

 

[MrBurns]

http://www.theaustralian.news.com.au/business/story/0,28124,25426654-643,00.html?referrer=email

The media must got it wrong, damn it when am I going to double my money?
my money going down the toilet with -ve gearing and house price going backward sound like margin loan all over again.

Good ole'e Kev has supercharged this crash, just wait ill July

 

[ROE]

dhukka

ROTFL man I haven't done that since University IRC days
that was time truly wasted with lot of ROTFL

 

[dhukka]

http://www.theaustralian.news.com.au/business/story/0,28124,25426654-643,00.html?referrer=email

The media must got it wrong, damn it when am I going to double my money?
my money going down the toilet with -ve gearing and house price going backward sound like margin loan all over again.

and I like to save this quote for future references

“The acute shortage of new homes and accelerating population growth will, however, prevent falls similar to those in weaker, offshore markets,” Ms Kevans said

Ahhh yes, the old housing shortage chestnut, well here is some good news on the shortage front:

Renters scaling back

THE threat of pay cuts and unemployment are driving a growing number of young Australians out of rental properties and back to living with their parents or into shared accommodation.

The trend is adding to the downward pressure on rents sparked by the rising number of young people leaving rental properties to take advantage of the Rudd Government's boost to the first-home buyers scheme and lower interest rates.

National rental vacancy rates are expected to almost double within the coming weeks, The Australian reports.

Ray White's director of property management, Ben White, said that in some markets vacancy rates had already increased to 5 per cent from the average of 2.5 per cent.

Others could also increase to 5 per cent within three to four months.

"Once vacancies rise, it's a matter of time before rents will soften," Mr White said.

Tim Evans, 23, who works in the construction industry, has just moved out of his two-bedroom unit on Sydney's north shore, where he paid $340 a week....

....Figures from Australian Property Monitors released last month showed signs the rental market was turning back in favour of tenants, with the growth in the average rent for a house across most major capital cities continuing to ease.

The median weekly asking rent for a house in Sydney and Melbourne fell flat in the March quarter at $450 a week.

Some analysts believe that the number of young people forced to move back home with their parents will escalate by the end of this year.

Research from Fujitsu Australia and New Zealand shows the number of people in mortgage stress is expected to almost double to 1.2 million households by December if unemployment hits 7.5 per cent.

More than half of those said they would move back with their parents if they went into mortgage stress, four times as many from the same survey conducted a year ago. Mr White said the main driver of the increase in rental vacancies was first-home owners opting to buy on the back of low interest rates and the boost to the Rudd Government's grant for first-home buyers, which expires at the end of June.

Young people moving home or into share accommodation was adding to the equation.

Rents were also falling in many markets due to the poor economic environment.

"Unemployment is causing an increase in break leases as people can't afford to pay higher rents and so they are either seeking cheaper accommodation or moving back home," Mr White said.

He added that companies that paid for employee rental accommodation were reducing how much they could spend.

"The high-priced corporate market is also affected," Mr White said.

Mr White said the lower end of the market and inner city areas were still the strongest. Those with rents of $400 and under a week were fairing best.

The previous price increases achieved by landlords were now not being realised.

Mari Reahm, 33, of Brisbane, said she and her fiance recently moved out of their rental property in Albion and purchased a unit in Clayfield, using the increased first-home buyers grant.

"We were just looking to get out of the rental crunch," Ms Reahm said.

"Everyone was saying it was a good time to buy and the rent was going to go up."

The couple were paying $350 a week and the rent was about to rise to $370.

 

[kotim]

Little story, in late 1991 bought a house for 113 grand In Townsville, at the time rent was 310 dollars a week, pretty good wellwithin 18 months I had people offer me uptwoards 150 grand for th ehouse but I was young and knieve and though at that rate I was going to be rich soon.

Anyway that was the end of the boom, well lucky for me I got in during the boom and so did not pay exhorbaitant house prices. I ended up selling that house for 137 grand in 2002 just before the start of the next boom, (stupid mistake in hindsight but that house had caused me a lot of pain and I was sick of the pain) but by then I wanted rid of it etc. But the interesting thing was that my rent received was only 180 bucks a week in 2002.

So what do we know from my little story and other experience, first house prices go up and rent goes up as well, but then rent softens and goes no where fast for years until you have a new boom etc. We are there now, the rents have peaked and we are not going to see much rent rise in vast majority of places until we experience a new boom in a number of years time.

The problem is that even though generally property is a medium to long term investment none of us know our financial circumstnaces in 5-7 years time, you know families etc, blah blah blah and if you are not prepared for the hard years then a lot of pain will ensue.

Ultimatley who cares, we play the cards and make out own decisions and accept eh results be they good or bad.

 

[singlefished]

Last time I mentioned this you scurried around the floor like a cockroach looking for a dark crevice.

C O N D E S C E N D I N G . . . . . . .

phoohey to the 1 or 2% figure...clutching at straws...playing scaredy cats again......

Please tell us, what have we got to be scared about?

 

[kotim]

That rent should be 210 not 310

 

[numbercruncher]

seems Winter has arrived ?

The Resident RE Permabulls have Hibernated ?

Maybe the budgets of the RE lobby groups are getting slashed and their army of Bloggers are off the payroll and vanishing ?

 

[kincella]

which perma bulls are you talking about ?? robots and beej, tech/a, were here yesterday..there are a few others who post from time to time...are there others?
myabe they are busy at work,

 

[kincella]

singlefished...
"Last time I mentioned this you scurried around the floor like a cockroach looking for a dark crevice.

C O N D E S C E N D I N G . . . . . . . "

oh and when was that pray tell ?

if you cannot debate the subject... a personal attack is your answer