Yes and those projects have a substancial supply lag. You dont just have to hammer up 4 walls and a roof.
Approval+Construction 2-5 years.
Ill put up some observations here...2 of the real estate stocks i hold (DXS & ALZ) have recently re-valued there portfolios in an upward direction (after 2 years of falling valuations) also there's been a substantial drop in new building construction and a substantial drop in commercial/retail/industrial construction in general over the last 2 years.
Anecdotally down my way, Frankston North new commercial/industrial area opened up over the last few years and its very slow, most still empty blocks and some built on over the last year still empty.
Dromana industrial estate sees the same story for a doubled area expansion three years ago, 15% built on and only half that number leased.
Those two areas, the only ones near to where I live, cannot be in isolation across the country,.....or?
Frankston is marginal for everything, always has been...Dromana is poor man's Frankston, well actually its poor man's Mornington so even worse.
Ill put up some observations here...2 of the real estate stocks i hold (DXS & ALZ) have recently re-valued there portfolios in an upward direction (after 2 years of falling valuations) also there's been a substantial drop in new building construction and a substantial drop in commercial/retail/industrial construction in general over the last 2 years.
Those two areas, the only ones near to where I live, cannot be in isolation across the country,.....
Still here,hello,
good evening, anyone seen BigAl?
surely now the forum must adopt the recommendations i put forward regarding being able to participate in this thread, its just a joke what gets posted, trolls
how is the median going Ubiquitous? great posts as usual Kincella, legend man, yeah that pea sized brain sure is getting handed around a fair bit hehehehehehehehe
thankyou
professor robots
Still here,
I choose to read daily, have a life and post when I feel strongly about something, rather than sit on here like a Nazi and post exerpts on Days Of Our Lives.
Since you are asking, having a fantastic weekend, scouring the Perth Property Market, seeing those desperate sellers, who got sucked in with the FHOG or into the dream that prices will continue to rocket.
Lots of sad and poor people out there, just the average family that can't make ends meet. It's unfortunate that I'll be pouncing on another property, at the expense of the rotting carcasses of the sellers.
Bliss and Glory here in WA, overpriced Houses, Sellers can't sell their homes, Real Estate Shonks / Agents getting out in droves.
Well then, in the example I provided, the buyers also clearly wanted the property regardless of market and they're $4.5 million poorer 2 years later as a result. Perhaps just wanting a property regardless of price or market conditions is more about emotion than reasoned investment.Dont know about that.
If that's the only time something I WANT is for sale then I will buy it regardless of market.
Strongly disagree. Please review the graphs below and then tell me that debt and income relative to house prices is the same as in years gone by...Relative to earnings years gone by ---no different.
I'll take that bet relative to cycles. Picking the exact bottom no, but close is good enough if your investment horizon is long enough. Evidence suggests that the U.S. property market has not bottomed yet but there are now some great deals to be had for the astute property investor there.Just be sure to let me know when that is. Ill bet you wont be able to pick it.
Hello,
yeah we just like the United States of America, get outta here and they reckon Iran and Nth Korea are ordinary joints:
http://www.theage.com.au/world/us-congresswoman-shot-in-head-by-gunman-20110109-19jmp.html
times up for people who cant see the difference
glad to be in paradise, pay up if you want a piece of it
Hi,
while quite a bear on the RE market especially here in Brisbane (sorry prof robot), i am considering investing in a cheap city studio; the key incentive being the NRAS scheme;
What do you think that scheme (extra 9k/year tax deduction for 10 year vs 20% rent discount)?
On paper coupled with neg gearing, i end up with a cash positive return.
I hope this is the right thread for this.Please advise if i should create a new thread
Cheers
Exactly what does the act of one murderous lunatic have to do with property prices bots?
Since you seem to confuse murder statistics with paradise have a look at these stats...
http://www.nationmaster.com/graph/cri_mur_percap-crime-murders-per-capita
For murders per capita, among the safest places to live are Saudi Arabia and Qatar. Perhaps you should move to one of these paradises though they won't allow you to smoke the stuff you're on at the moment.
Hi,
while quite a bear on the RE market especially here in Brisbane (sorry prof robot),
pay up if you want a piece of it
thankyou
professor robots
Confessor Numb Nutshello,
...instead of the pea-brain whacky tobaccie type posts that have flooded the property threads for over 5yrs now,
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?