House prices to keep rising for years

kincella · 23 May 2009

just a note to my mates on this site....ie the positive people in property....
its all just getting a little too busy for me with work.....need quite a bit of catching up to do....so if I appear a bit quiet...or spend less time here...
its because I am just too busy on work or other things...
also have to attend to some property financing.....and looking to buy another property in a lovely spot about 1.5 hours from Melbourne....for a family member.....I will have to watch out....population of less than 3000 so could be a problem with the banks LVR....
otherwise I am looking forward to some leisure time after June 30 deadlines are met...
cheers all....oh and I will be around
I think it was discussion about Townsville being the epicentre that spooked me ....there is too much valuable time, wasted on topics like that for me.....on the thread 'recession etc'

robots · 23 May 2009

hello,

no worries Kincella, you a legend man and plenty enjoy the superb posts

positive people in property and life man and thats why the RE threads at the top at ASF

even with so many trying to bring us down we walking tall on this planet

thankyou
associate professor robots

satanoperca · 23 May 2009

You can be positive about property as a long term investment and be bearish about property at the moment, that is not negative, just don't believe the current negative trend in RE prices is nearing it's cycle end.

Cheers

robots · 23 May 2009

h e l l o,

c h e c k, c h e c k:

http://www.reiv.com.au/home/inside.asp?ID=162&nav1=652&nav2=162

c l e a r a n c e r a t e o f 8 1 % t o d a y,

h a v e a g o o d e v e n i n g, d o n t g e t t o o e x c i t e d p e o p l e,

t h a n k y o u ,

p r o f e s s o r r o b o t s

Trevor_S · 23 May 2009

http://www.news.com.au/heraldsun/story/0,21985,25523446-664,00.html

Which brings us to the Federal Government's decision in the Budget to extend the boost to the First Home Buyers' Grant, reported in the media as a win for first home buyers.

The real winner was the Housing Industry Association which managed to get billions of our tax dollars redirected to the pockets of its builder members under the guise of helping young people into their own homes.

...

With interest rates falling, many whose careers are tied to pushing property have been making statements in the media urging young people to buy, including the HIA, which has said there has never been a better time to enter home ownership.

No it's not. It's nothing of the sort.

This is merely a false boom, that - like the sub-prime crisis in the US - has been driven by well-meaning but deluded politicians.

robots · 24 May 2009

hello,

oh yes, great editorial/opinion from the Barefoot Investor

they dont allow my cutting edge editorial's (reply's) at HeraldSun, too positive maybe?

imagine getting financial advice from this guy, would it go somewhere along the lines of sell all your IP's/properties and put it into managed funds

guess what man, plenty of places to rent around

sorry sorry i forgot, he has a blog so everything he says must be correct

and interest rates are going to be 500%, unemployment of the scale, soup kitchens everywhere, tents at the sporting ovals

thankyou
professor robots

satanoperca · 24 May 2009

robots said:
and interest rates are going to be 500%, unemployment of the scale, soup kitchens everywhere, tents at the sporting ovals

thankyou
professor robots

Thats a little to bearish, even for me.

The real winner was the Housing Industry Association which managed to get billions of our tax dollars redirected to the pockets of its builder members under the guise of helping young people into their own homes.

That seems somewhat correct.

Soft Dough · 24 May 2009

robots said:
and interest rates are going to be 500%, unemployment of the scales

Unemployment is going up.

Interest rates are going to go up more as credit ratings around the world are being pressured and the flow on effects of The US reserve money printing results in pressure on their dollar ( which is starting to happen )

Gearing is at ridiculous levels.

Ore prices are going to be wound down.

Oh but then again keep believing that house prices can continue to rise much faster than trend, and buck the trend over the past 12 months ( 6-7% fall ) when there is real pressure.

robots · 24 May 2009

hello,

yeah, its a good time to clear out some dead wood with the best reason going around

no big deal though, you dont put in you dont have a job

thankyou
professor robots

singlefished · 24 May 2009

This is the sort of quality post we're going to miss out on with queencella unable to post over the next few weeks...

kincella said:
....when you have the majority of houses selling around the 600k mark....and the middle number happens to be 450k voila there's your median price....

... need I say anymore?

kincella · 24 May 2009

Robots,
the interview by Alan Kohler on Inside Business today...with John Edwards senior economist with HSBC aus...

he was talking about the govts budget predictions....he said they are too pessimistic....and he mentioned about the aus housing market etc....he predicts our house market will turn into an upswing, by the end of this year, and asked for a prediction, only one...he said interest rates will start to turn up by mid 2010

you can listen to it here and draw your own conclusions
http://www.abc.net.au/insidebusiness/
then scroll down to 'pessimistic forecasts'

ps....a short explanation for my positive vibes about life, and this subject
.....I am a LEO, the lion....that explains it all......not that I take much notice of astrology....although chinese astrology is slightly more interesting

and in Numerology...life path a no. 4

The Number Four:

The Builder, Foundation, Stability, Patriarchy, Power,
Progress, Earth, Justice, Ability, Manual Dexterity,
Practical, Law, The Conscious Mind, Civilization,
Traditional, Profit, Wisdom, Commerce, Health, Conviction

satanoperca · 24 May 2009

Kincella,

I hope you did not give that interview any credence, it overlooks the basic fundamentals of global economics and the impact they have on Australia, we are not different here, globalization has determined this.

It was a beat up, bordering on a joke.

Housing lead recovery in two years, our biggest trading partners are in recession, government debt is increasing exponentially around the world and yes we are going to have a housing lead recovery if and only if we can keep the ponzi scheme going, must consume, must feed consumption with more debt, it has worked in the past, it must be restarted at all costs.

John Edwards would not be aligned to the Labor party would he?

I don't know, he was an advisor to P Keating and author of several Keating books.

Where is his facts to support his dribble?

satanoperca · 24 May 2009

If you want a better picture of what faces ahead of us in Australia then find an extract of the speech by Mr Don Argus AO, Chairman, BHP Billiton recently.

I think you will find his comments on the current global economic environment fair and realistic. Yes the feature is how we are going to deal with the huge mountains of private and public debt.

Government actions seem primarily to be based on the recognition that Ponzi or pyramid games are only bad if they end

The Age 23-05-09

This quote sums up the situation we are currently facing.

robots · 24 May 2009

kincella said:
Robots,
the interview by Alan Kohler on Inside Business today...with John Edwards senior economist with HSBC aus...

he was talking about the govts budget predictions....he said they are too pessimistic....and he mentioned about the aus housing market etc....he predicts our house market will turn into an upswing, by the end of this year, and asked for a prediction, only one...he said interest rates will start to turn up by mid 2010

you can listen to it here and draw your own conclusions
http://www.abc.net.au/insidebusiness/
then scroll down to 'pessimistic forecasts'

ps....a short explanation for my positive vibes about life, and this subject
.....I am a LEO, the lion....that explains it all......not that I take much notice of astrology....although chinese astrology is slightly more interesting

and in Numerology...life path a no. 4

The Number Four:

The Builder, Foundation, Stability, Patriarchy, Power,
Progress, Earth, Justice, Ability, Manual Dexterity,
Practical, Law, The Conscious Mind, Civilization,
Traditional, Profit, Wisdom, Commerce, Health, Conviction

hello,

hi kincella, i watched the interview, great thoughts from john and mr kohler done his best to put the usual negativity on it

you a legend man and another great day on chapel st today, people everywhere enjoying life

went down to Jam Factory and played some video games for a few hours at Intensity, business as usual everywhere on the strip man

anyone know when Keen and Rory's bet is completed or will Keen just move the goal posts?

thankyou

associate professor robots

robots · 24 May 2009

hello,

check check:

http://www.tradingroom.com.au/apps/view_article.ac?articleId=309613

we getting closer to 2010! here we go, here we go

zero interest rates, the dire consequences of making predictions

thankyou
robots

cutz · 24 May 2009

Hi Robots,

Stumbled onto this thread again but if you don't mind me asking are you a property investor owning a portfolio of real estate investments or do you just own your own home.

Reason i ask is, what's with the anxiety regarding the downward spiral in real estate asset valuations ?

When dust settles from the above event everyone will be a winner.

robots · 24 May 2009

hello,

i live in 1 unit and rent out another unit as explained previously

and while we at it lets hear what everybody else has if you believe some sort of pre-qualification is required to post

a previous mod gave me a secret mission to keep things going so just undertaking that task

thankyou
professor robots

explod · 24 May 2009

robots said:
hello,

i live in 1 unit and rent out another unit as explained previously

and while we at it lets hear what everybody else has if you believe some sort of pre-qualification is required to post

a previous mod gave me a secret mission to keep things going so just undertaking that task

thankyou
professor robots

The previous mod must have been a property investor so has a vested interest. If he is a previous mod then he can have no influence now. So you are off the hook robots.

Herald Sun yesterday Port Fairy real estate down 36% for the last 12 months. Wonderfull holiday resort and near to where I grew up. When I collect on my gold may buy a holiday home when it does hit the bottom, about two hears time I reckon.

robots · 24 May 2009

hello,

yes some of the "holiday" towns have been smashed explod

i know down in Inverloch there is a sale board on about every fifth house

oh well

thankyou
professor robots

explod · 24 May 2009

robots said:
hello,

yes some of the "holiday" towns have been smashed explod

i know down in Inverloch there is a sale board on about every fifth house

oh well

thankyou
professor robots

Friends at the weekend looking at a rental in Baumauris making $500 a week (interest from tgerm deposits)from money they have ready to buy a house told by agent not to buy yet as property round there going to fall a great deal soon. FROM AN AGENT mind.

But who knows we see what pans out but getting closer to central there Robots

House prices to keep rising for years

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explod

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explod

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