The future of Australian property prices

[tech/a]

Interesting battle going on in this thread now.

No one will give in till they have all life beaten out of them.

The bulls in propaerty have never and so will never imagine property to fail.

The bears are mostly the mugs that instead of enjoying life they ask questions.

Roll on lollie pops and sunshine along the St Kilda beach.

Interesting times.

Pebble in still waters.

Absolutely incorrect.

I was around in the 80s
I held 1.7 mill of Industrial property
and a PPR in the late 80s I was young and bullet proof.

My Tenants were going broke so they just walked away.
My business was suffering like everyone else's
I could not cash flow the interest especially when the banks hit me with a default interest of an extra 6 %
Really bright these bankers---Cant pay the interest as it is so add some more. (NAB)

Lost all bar one property (My business property) and that would have gone as well but the contract fell through!
Lost PPR
Lost Wife
Lost 70% of business.
Lost weekends as I had to work them ---7 days for 2 yrs to survive.
Paid wages out of Job deposits.

It taught me well.
No one seems to care much about what I've learnt as the comments have been brushed over with gloom and doom.
Those who are young and bullet proof will suffer the same fate as I.
Those that learn will take advantage of those that fail just as they did me in my learning phase.

Strangely to some---I would not change those hard times for anything!
Toughened up this cup cake!

You'll also notice 20 yrs of above 10% interest rates---the NORM not the exception so get ready!!!

 

[greebly24]

Not sure about the Gold Coast figures either. House prices still seem to be very strong.

But there is a hell of a lot of one bedroom apartments for sale very cheap there (under $150k). Maybe the buy and hold investors can snap them all up.

INVESTORS OPPORTUNITY - HUGE PRICE REDUCTION

Why would someone get rid of a great investment? Probably because our high Aussie dollar has scared of the tourists. No rental income and no capital growth. Hmm. Sounds great.

Price slashed from $150,000 to $125,000. Urgent Sale.

Who wants to catch a falling dagger? And who the hell puts the words "Urgent Sale" in their real estate ads? Isn't that like pre-lubricating your bottom? I guess after a 16.6% loss (not to mention the rising interest payments) you're willing to bend over.

Rare opportunity!

But the funniest ads are for the Queensland country town of Kooralbyn. Dozens and dozens of blocks for sale $80k - $140k. How it that rare? I guess because obviously people rarely buy them.

 

[greebly24]

Thanks tech/a for your very honest post. Sorry to hear about your misfortunes back then. One of my uncles took his own life back then because he was paying 18% plus an extra 6% on half a mil for his farm. Tragic. I only hope homes become more affordable for our kids and grandkids. I don't want to see anyone lose everything. But if you've got some other investments besides just housing, you should be okay no matter what.

As for people here not understanding, I agree. I bought shares back in Nov 2007 from a stockbroker who was about 25 years old. After the GFC, I realised that this kid had never seen a crash before, and had only known good times. His whole professional life (3 or 4 years) shares had always gone up, so he thought they always would. They didn't. If you get advice from a stockbroker, make sure they're really old, cos you'll know they've seen both ups and downs.

Your chart is very very interesting. I was wondering what the median (or is it mean) rate of interest over the whole period would be? Looks like about 9-10%. The scary thing is that is usually overshoots the average before returning. Everyone better make sure they can cope with it.

 

[robots]

Interesting battle going on in this thread now.

No one will give in till they have all life beaten out of them.

The bulls in propaerty have never and so will never imagine property to fail.

The bears are mostly the mugs that instead of enjoying life they ask questions.

Roll on lollie pops and sunshine along the St Kilda beach.

Interesting times.

Pebble in still waters.

hello,

you going on about Biffing again Explod,

its just probably time the forum introduced some tough rules to get the trolls out of the thread, so proper discussion can remain, I suggest:

* only people who have their name on a title can post in any property thread (if company owned director proof)

* 100 points of identification (eg. medicare card, D/L No., bicycle victoria card, debit card, no centrelink/jobstart cards accepted)

* must have 1000 posts and have been long standing member of ASF for 3yrs minimum

I reckon this a good start.

Thankyou
Professor Robots

 

[BigAl]

hello,

you going on about Biffing again Explod,

its just probably time the forum introduced some tough rules to get the trolls out of the thread, so proper discussion can remain, I suggest:

* only people who have their name on a title can post in any property thread (if company owned director proof)

* 100 points of identification (eg. medicare card, D/L No., bicycle victoria card, debit card, no centrelink/jobstart cards accepted)

* must have 1000 posts and have been long standing member of ASF for 3yrs minimum

I reckon this a good start.

Thankyou
Professor Robots

And once again you've added zilch to a thread.

Heaven help us if the above is the criteria for posting in this thread, because I can honestly say, reading through the trash you post has made me a dumber person.

 

[explod]

Absolutely incorrect.

I was around in the 80s
I held 1.7 mill of Industrial property
and a PPR in the late 80s I was young and bullet proof.

My Tenants were going broke so they just walked away.
My business was suffering like everyone else's
I could not cash flow the interest especially when the banks hit me with a default interest of an extra 6 %
Really bright these bankers---Cant pay the interest as it is so add some more. (NAB)

Lost all bar one property (My business property) and that would have gone as well but the contract fell through!
Lost PPR
Lost Wife
Lost 70% of business.
Lost weekends as I had to work them ---7 days for 2 yrs to survive.
Paid wages out of Job deposits.

It taught me well.
No one seems to care much about what I've learnt as the comments have been brushed over with gloom and doom.
Those who are young and bullet proof will suffer the same fate as I.
Those that learn will take advantage of those that fail just as they did me in my learning phase.

Strangely to some---I would not change those hard times for anything!
Toughened up this cup cake!

You'll also notice 20 yrs of above 10% interest rates---the NORM not the exception so get ready!!!

A geat post there Tech

 

[explod]

And once again you've added zilch to a thread.

Heaven help us if the above is the criteria for posting in this thread, because I can honestly say, reading through the trash you post has made me a dumber person.

Good point, that is exactly how they want us sheeple to be.

ASF is an education program and those who think they have the right to control do not like it.

Off topic. But I do think property prices are headed down

 

[beachboy]

Absolutely incorrect.

I was around in the 80s
I held 1.7 mill of Industrial property
and a PPR in the late 80s I was young and bullet proof.

My Tenants were going broke so they just walked away.
My business was suffering like everyone else's
I could not cash flow the interest especially when the banks hit me with a default interest of an extra 6 %
Really bright these bankers---Cant pay the interest as it is so add some more. (NAB)

Lost all bar one property (My business property) and that would have gone as well but the contract fell through!
Lost PPR
Lost Wife
Lost 70% of business.
Lost weekends as I had to work them ---7 days for 2 yrs to survive.
Paid wages out of Job deposits.

It taught me well.
No one seems to care much about what I've learnt as the comments have been brushed over with gloom and doom.
Those who are young and bullet proof will suffer the same fate as I.
Those that learn will take advantage of those that fail just as they did me in my learning phase.

Strangely to some---I would not change those hard times for anything!
Toughened up this cup cake!

You'll also notice 20 yrs of above 10% interest rates---the NORM not the exception so get ready!!!

Only joined tonight so hope I get this right. Yes I remember the 1980s. I had not long finished Uni was working and remember getting 18% for a year on a term deposit. Then I decided to go overseas and tried to sell my car. Sold it after 3 monthes at a very low price. Why because everyone was selling their second family car to pay the interest rates on their loans. Had a mate who had some cash. He bought two good houses cheaply.

 

[Vicki]

its just probably time the forum introduced some tough rules to get the trolls out of the thread, so proper discussion can remain, I suggest:

I thought there was some pretty good in depth discussion all round, apart from the bird watching irrelevance.

This professor robots is an interesting character, what's his story?

Is he some largess property invester type?

Forgive my ignorance, but I'm new here.

Vicki
p.s. I remember the 80's well, mum & dad split after losing the house.
Can still hear them yelling, while I hid in my room, listening to 'girls just wanta have fun' by Cyndi Lauper.

 

[KurwaJegoMac]

No one seems to care much about what I've learnt as the comments have been brushed over with gloom and doom.

I care a lot for what you've learned - it's helped me a lot during my investing. I may be 'young and hot blooded' but I've taken to heart a lot of what you write about.

Your contributions are very much appreciated, thank you

 

[Dowdy]

No one seems to care much about what I've learnt as the comments have been brushed over with gloom and doom.
Those who are young and bullet proof will suffer the same fate as I.

I treat everything with gloom and doom so I DON'T suffer the same fate as you once did

 

[Vicki]

Oil up to $91 usd overnight.
Wonder if this will further pressure living costs & add to the 'mortgage' stress?

Vicki

 

[againsthegrain]

No one seems to care much about what I've learnt as the comments have been brushed over with gloom and doom.

Its good to know not everybody is born with wealth to their name and some work hard for success, good honest post opposed to the bird watching and drinking lates

 

[explod]

I treat everything with gloom and doom so I DON'T suffer the same fate as you once did

Good one and agree.

One is then protected

And its

so is that really doom and gloom

 

[BigAl]

This professor robots is an interesting character, what's his story?

Is he some largess property invester type?

Forgive my ignorance, but I'm new here.

A washed up former Real Estate Mogul High Flyer that lost everything in the 80's Recession.

Lost his grip on reality and couldn't come to terms with / reconcile with, that sometimes property goes down.

Has been institutionalized in a Mental Asylum since. Posts regularly from his laptop in hospital. Goes quiet when his electric shocks occur.

Quite sad really.

 

[tech/a]

I treat everything with gloom and doom so I DON'T suffer the same fate as you once did

30 yrs down the track and the suffering is lets say--bearable!

Oil up to $91 usd overnight.
Wonder if this will further pressure living costs & add to the 'mortgage' stress?

So we are all WATCHING this---if you get my drift!!
Just like we (Some) watched the Property boom!
The AUD fly
GOLD peak out!
XJO fall 3000 points (short play).

Gloom is good eh!!
Marriest of Xmas's everyone!

 

[explod]

30 yrs down the track and the suffering is lets say--bearable!



So we are all WATCHING this---if you get my drift!!
Just like we (Some) watched the Property boom!
The AUD fly
GOLD peak out!
XJO fall 3000 points (short play).

Gloom is good eh!!
Marriest of Xmas's everyone!

Interesting slant there tech/a. The label of doom and gloom is bestowed by those who wish things to be a certain way on those who put up some reasons why perhaps they could be wrong sometimes.

Timing of course can give either camp substance to point at the other as wrong.

Way off topic but a I felt may help

 

[tech/a]

I often see the argument of "timing"

Those who try to "Time" everything in their financial (Or personal) future will often NEVER make a decision.Like those here who post infinitum just waiting and Willing a RIGHT time to enter property.

Right now OIL is bolting in fact it has been stirring for a few weeks all you need do is place yourself IN FRONT of these trains and wait for them to move off

With sound risk mitigation in place you only need to get ONE right and it can change your life--

PERMANENTLY.

Wrong 20 times with small losses right once----------------

 

[Vicki]

A washed up former Real Estate Mogul High Flyer that lost everything in the 80's Recession.

Lost his grip on reality and couldn't come to terms with / reconcile with, that sometimes property goes down.

Has been institutionalized in a Mental Asylum since. Posts regularly from his laptop in hospital. Goes quiet when his electric shocks occur.

Quite sad really.

Is this for real, or just a gag?

I often see the argument of "timing"

Those who try to "Time" everything in their financial (Or personal) future will often NEVER make a decision.Like those here who post infinitum just waiting and Willing a RIGHT time to enter property.

Good point, but any 'retail' property purchaser, looking at 500k homes in average suburbia & loaning upwards of 350k, may want to pause just a little longer, as there really just might be some good buys to be had, If indeed we do see a sudden & temporary reversal of the supply and demand equasion? i.e. more homes for sale than enthusiastic buyers...[just my opinion]

Right now OIL is bolting in fact it has been stirring for a few weeks all you need do is place yourself IN FRONT of these trains and wait for them to move off

With sound risk mitigation in place you only need to get ONE right and it can change your life--

PERMANENTLY.

Wrong 20 times with small losses right once----------------

Another very good point, only wish some 'educators' could lay it out as simply as that...but then they'd have noth'n "special" to sell?

Vicki

 

[wayneL]

Oil??

pffft!

Check out the softs.