The future of Australian property prices

robots said:

hello,

oh gidday,

no worries with everyone departing i will keep the ship going,

oh yeah:

http://www.reiv.com.au/home/inside.asp?ID=142

fantastic result 60%, still some amazing results across the sales today

a unit in a block i am familar with sold b4 auction today for a record for the complex, just amazing

after the biggest financial event since 1929 on we go, oh well

enjoy the data

thankyou
professor robots

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$650,000 for a 371m2 vacant block. A Duplex block of 742m2 went for 1.13 million AUD

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Agentm said:

935 auctions for melbourne, and whats that? they lost track of 135??

whats this softening term i hear all the time? bubbles cant soften..

all lies i tell you, all lies

lol

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Dangerous said:

some good sale prices still. Probably only 5-10% off March/April highs. Those who try to get an extra 5-10% ON TOP of that are failing miserably.

I keep an eye on the west and noticed:
- Ascot Vale and Flemington, ticking over very nicely 13 houses yest 100% clearance.
- Essendon also almost 100%.
- Suburbs next to the nice ones - e.g. newport, maribyrnong struggle more
- Brian Lake still not back at training:bad:

I expected clearances to tick up a bit this week after the i-rate shock despite still being off the belief that market will struggle for demand without first home-buyers and less investors... not seeing value anywhere.

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indeck said:

where do people normally get the clearance rate figures?

looking at the realestate.com.au website the figures look terrible. (or good depends which way you look at it)
http://www.rs.realestate.com.au/cgi-bin/rsearch?a=ars

bris 22.6%!!

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nunthewiser said:

You didnt ask me .... so heres my opinion

13%(or roundabouts ) before this cycle is complete in my uneducated, unbiased and property holding opinion.

Notice i said cycle instead of giving a timeframe

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SusanW said:

I'd say a 45% probability. The asx implied yield curve has been reasonably accurate in the past, and they are only forecasting 2 x 25bp by mid 2012.

the greater risk is a tightening of foreign credit, which means higher funding costs for our lenders.

I don't know which chart you are referring to. The first is capital growth, and it has peaked and is coming down.

The second is IRR. As one holds property longer, rising rent contributes more and more to +CF and IRR.

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againsthegrain said:

Its Sunday and tomorrow is Monday, oh well waiting for soon to come interest rises to make more interest on my cash deposit from so called property investors and watch them all complain how the banks are evil, oh well another day

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