The future of Australian property prices

[tronic72]

We are reaching critical mass people!

At a recent lunch I mentioned that due to inflationary pressures, we might be up for an unexpected new years rate increase.

The replies I got when included:

* An angry "no they're not!"
* A concerned "don't tell me that".
* A mixture of concern and surprise "but they said we would be OK for a bit"

 

[robots]

We are reaching critical mass people!

At a recent lunch I mentioned that due to inflationary pressures, we might be up for an unexpected new years rate increase.

The replies I got when included:

* An angry "no they're not!"
* A concerned "don't tell me that".
* A mixture of concern and surprise "but they said we would be OK for a bit"

hello,

what a great post, thanks man

does this joint have a direct line to doomsday cults or something, oh well

thankyou
professor robots

 

[explod]

hello,

what a great post, thanks man

does this joint have a direct line to doomsday cults or something, oh well

thankyou
professor robots

Botts , have you ever considered other types of investments?

have you also considered that it is in the natural order that things go up and down and property is part of it ?

and that some doomsayers are just sensible people who are optomistic on other investments, or more correctly, on what is doing the best at the moment ?

property is sideway so certainly not the best at the moment.

now that is all that is really being said with some reasoning behind it. I would love you to look at some of the reasoning botts, and respond to that.

 

[robots]

hello,

oh yeah, lets have question time again, fire away

thankyou
professor robots

 

[robots]

hello,

no worries, take your time, have dinner and get back to us

thankyou
professor robots

 

[Macquack]

hello,

oh yeah, lets have question time again, fire away

thankyou
professor robots

When are ya gunna retire with the proceeds of your real estate investment bonanzas?

 

[explod]

hello,

oh yeah, lets have question time again, fire away

thankyou
professor robots

So botty, you want to be spoon fed, not prepared to look at other threads and alternatives. Not my job to educate you or anyone else. What would I know, just a simple investor trying to help myself.

Sounds a bit lazy, as someone else said a few weeks ago, naughty naughty botty.

 

[robots]

When are ya gunna retire with the proceeds of your real estate investment bonanzas?

hello,

moving in a few weeks, and rents will cover loans and some sundries on all so this going to be fantastic

going down to 6mths work next year, will be great, help out the wildlife in my new area hopefully, watch the butterflies, birds and flowers on the trees for hours in a day

i hope thats okay

just amazing

thankyou
professor robots

 

[robots]

So botty, you want to be spoon fed, not prepared to look at other threads and alternatives. Not my job to educate you or anyone else. What would I know, just a simple investor trying to help myself.

Sounds a bit lazy, as someone else said a few weeks ago, naughty naughty botty.

hello,

spot on, thats a common theme with most of the posters in this thread, its all about me

then you have the likes of Professor Robots, Kincella, Beej, Trainspotter who share their ideology, visions, skills, investing experience with the goal of assisting others in life

i know the above have achieved some great results with fellow brothers

thankyou
professor robots

 

[againsthegrain]

help out the wildlife in my new area hopefully, watch the butterflies, birds and flowers on the trees for hours in a day

working for the dole?

 

[Uncle Festivus]

hello,

oh yeah, lets have question time again, fire away

thankyou
professor robots

How much have you made, after costs, on the IP you bought back in March?

 

[robots]

hello,

havent made a cent, cost me actually

thankyou
professor robots

 

[So_Cynical]

hello,

havent made a cent, cost me actually

thankyou
professor robots

Hey com on where's the sunshine and lollipops?

2761 posts and now he goes all negative on us.

 

[Temjin]

the drum last night, great interview with steve keen, and plenty of good questions fired at him and all taken with ease as usual.

just go 26 minutes in


http://www.abc.net.au/iview/?series=2955433#/view/684026

as usual he makes his remarkable clear points

what i like about steve keens own blogsite is that all his presentations are posted and all are commented on and answered by him, so if you have any doubts on any of his research your welcome to discuss it and talk it through.

Love that interview.

You just got to see the disbelief from the other interviewers who thinks first home buyers should not suffer and should be entitled to "cheaper" debt in order to get into market, and be HAPPY! LOL

Those people cannot be help until reality eventually catches up. We still a fair way from that though.

 

[matty77]

hello,

spot on, thats a common theme with most of the posters in this thread, its all about me

then you have the likes of Kincella, Beej, Trainspotter who share their ideology, visions, skills, investing experience with the goal of assisting others in life, rather than fill it with useless comments like I do

i know they have achieved some great results with fellow brothers

thankyou
professor robots

fixed.

 

[Gringotts Bank]

First cracks appearing in Melbourne real estate market. Even the agents are saying so. Supply is huge. Demand ... possibly still high?

 

[lioness]

Robots,

Where is the link this week.

Keep sucking those russian vodka's!!

 

[MACCA350]

Thought there were meant to be 1300+ auctions today, yet REIV have only reported just over 1000 for a 61% clearance rate..........up to their old tricks again

Cheers

 

[Agentm]

Thought there were meant to be 1300+ auctions today, yet REIV have only reported just over 1000 for a 61% clearance rate..........up to their old tricks again

Cheers

i hear they had those mystery non reported sales again.. well lets say 20% are now going to be unreported and remain out of the system..

this week 209

i noticed in the saturday age they were reporting a 61% clearance rate for the previous week.. so they are not reporting the correct clearance rate even a day after they are issued (friday).. no one knows why it takes until friday of each week to actually figure out a result of an auction that everyone else attending had no problem understand the result of.. lol

as usual the collaboration of the newspapers and the REIV inability to report anything other than bogus sales results continues week in week out

it only on friday this week, that these pesky non reported 209 sales will become evident, and again, the all important psychological 60% lie is maintained..

as usual they will continue to report the highest sales as median in the select suburbs that are struggling and inflate the heck out of the market.

i bet the auctions that did clear had some great median breaking results.

all good for the latte drinkin developas..

there is a massive load of unsold properties out there now...

 

[Aussiejeff]

What is really needed to show a true picture is a Federal Government mandated weekly "Properties listed vs properties sold" reporting system to be introduced, covering EVERY property agent across the nation. Only then would the TRUE state of the RE market on a local, regional, state by state and federal basis be discernable by the public.

Of course, the "true state of the market" under such a system might be a more bitter pill to some vested interests.

So it will never, ever happen.

Party on....