tech/a
No Ordinary Duck
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Well if you find a surplus and they can operate excavators, read site plans, lead by example and hold a HR licence send them my way!
House prices to stagnate for 'years'
- Thread starter krisbarry
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Will do Tech. So long as you send any teachers qualified in English, History, Geography, Maths, Science, .......... my way!!!!
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Probably means be cautious of Property Development Stocks in the near term! 
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Not specifically referring to tech's situation but skills shortages are just one of the hidden costs of privatisation and outsourcing. Whereas government in particular used to train thousands of blue collar workers (and others) now the thinking is purely short term.
The situation now is exactly what many sensible people foresaw. Unfortunately they were ignored and now there is a price to pay that is never counted by those proclaiming privatisation to have been a success.
If it's really such a success then let's count ALL the beans in the economic pot. Something that the politicans and others will never do, at least not publicly. Sure, taxes might be lower but that's only half the story.
The situation now is exactly what many sensible people foresaw. Unfortunately they were ignored and now there is a price to pay that is never counted by those proclaiming privatisation to have been a success.
If it's really such a success then let's count ALL the beans in the economic pot. Something that the politicans and others will never do, at least not publicly. Sure, taxes might be lower but that's only half the story.
Another interesting article "RBA warns on house prices"
http://finance.news.com.au/story/0,10166,16723853-462,00.html
Personally, I have been trying to buy a house in the areas I like in the last few months with no luck. The house price in Perth is still strong. I found it very difficult because a nice house got offer very quickly and very often been offered with a price very close to the asking price (or close to the top price for those advertise with a price range).
http://finance.news.com.au/story/0,10166,16723853-462,00.html
Personally, I have been trying to buy a house in the areas I like in the last few months with no luck. The house price in Perth is still strong. I found it very difficult because a nice house got offer very quickly and very often been offered with a price very close to the asking price (or close to the top price for those advertise with a price range).
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Smurf1976 said:
You're right Smurf, training has been one of the real unseen changes over the last few years. Where once goverment enterprises and large corporates used to have traineeships (2-4 years) they now just hire fresh uni "grads" and throw them in the deep end.
Training for new technology has also changed, I remember doing 4 week full time courses on new equipment, now you're lucky if you get a half day overview.
Rod.
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chansw said:
Wait another year!
I can almost certainly say those very same areas will be 10-20% cheaper this time next year.
tech/a
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krisbarry said:
How can you say that particularly with certainty!
There is nothing indicating a dramatic collapse in R/E prices.
3% possibly.
Is it worth waiting another year or 2 or 3.
Well if you want it to live in no.
If you like it--want it--then buy it.
Lock down low interest rates and enjoy!
In years to come these sort of interest rates will be dreamed about.
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No...no...no Tech/a all predictions point to a slow downward trend in housing Australia wide.
Some regions of W.A. will boom due to the mining industry but on the whole all capital city housing prices will fall over the coming year
Will check back with you in Late Sep 06 and see if I was correct
Some regions of W.A. will boom due to the mining industry but on the whole all capital city housing prices will fall over the coming year
Will check back with you in Late Sep 06 and see if I was correct
tech/a
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Kris.
Happy to re visit in 12 mths.
Even a 10% fall in housing prices would be seen as a crash rather than a down turn.
Happy to re visit in 12 mths.
Even a 10% fall in housing prices would be seen as a crash rather than a down turn.
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It is already happening in Sydney and Melbourne
tech/a
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Kris.
I think its simply hear say.
I'm not familiar with Inner city suburbs in any capital city that is or alledgedly is suffering from these huge downturns
If someone can give me the suburbs I can verify if there is a drop as alleged.
Here is central Adelaide with a 10% rise in the last 12 mths which suprises me.
-6% on units is as expected due to over supply and price adjustments to move them.
I think its simply hear say.
I'm not familiar with Inner city suburbs in any capital city that is or alledgedly is suffering from these huge downturns
If someone can give me the suburbs I can verify if there is a drop as alleged.
Here is central Adelaide with a 10% rise in the last 12 mths which suprises me.
-6% on units is as expected due to over supply and price adjustments to move them.
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Yes true, just hear say, but the mags, media reports, all suggest a downward trend.
The cities will get hit first then the country areas.
The cities will get hit first then the country areas.
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krisbarry said:
One of my teachers who is an accountant said alot of his wealthy clients are now buying properties. You can still make money off property right now. Places in QLD, SA, WA are going up. VIC and NSW are not that popular right now. Rmember you can get some great tax advantages through property.
Bronte
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Kris,
Do you think only a fool would be buying stocks in this current market?
Do you think only a fool would be buying stocks in this current market?
tech/a
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Rest assured fools buy stock and property in ANY market!
Bronte
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Remember that it is said:
"The markets will do whatever is necessary to prove that most people will get it wrong"
"The markets will do whatever is necessary to prove that most people will get it wrong"
An article in today's paper begins: "The cost of BHP Billiton's Raventhorpe nickel expansion project has blown out by US$400mil. They blamed increases in labour and raw material costs for the blowout."tech/a said:
The new definition of a millionaire is "anyone working in a building trade".
Bronte
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When is the best time to buy?
Real estate agents will always say "Now"
I agree if you are buying for long term investment
& your numbers work out
Trade: Futures / Options / Stocks (if you must) etc
Buy real estate and hold.
IMO trading real estate is not wise.
Real estate agents will always say "Now"
I agree if you are buying for long term investment
& your numbers work out
Trade: Futures / Options / Stocks (if you must) etc
Buy real estate and hold.
IMO trading real estate is not wise.
tech/a said:
I intend to live in the house and then rent out my current apartment. As you said, I will buy it when I find one that I like it and can afford the repayment. Perth house prices are strong and predicted to be strong in 2006 (due to the migration and resource boom), too.
Tech/A, how do you see the movement of interest rate in the coming years? Thanks.
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