Never fear house price double every 7 years..it just didn't go up this year or the year before
it goes down because my neighbour keep lowering his price
Hello,
" House prices to keep rising for years "
haha funny stuff .....
http://money.ninemsn.com.au/article.aspx?id=809366
Thankyou.
Merely consolidation before the next upswing. Sorry fella's but that penthouse in Point Piper is going to remain a pipedream.
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
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 ..........
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 ..........
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.
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
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.
phoohey to the 1 or 2% figure...clutching at straws...playing scaredy cats again......
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