The future of Australian property prices

[trainspotter]

Family member brought place in Noosa 2007 paid 1.1 million currently listed for 900k with zero interest in property that almost 20% loss right there, maybe they should have listened to Keen.

Seeing how the bet was made on 27th November 2008 it would be HIGHLY unlikely that your family member who purchased in 2007 would take any notice at all to Steven Keen prophecies. The bet was from "peak to trough" as well. Maybe they should have sold at the peak rather than buying in it ???

 

[CamKawa]

Family member brought place in Noosa 2007 paid 1.1 million currently listed for 900k with zero interest in property that almost 20% loss right there, maybe they should have listened to Keen.

and it's only listed at 900k, could sell for a lot less.

 

[white_goodman]

Seeing how the bet was made on 27th November 2008 it would be HIGHLY unlikely that your family member who purchased in 2007 would take any notice at all to Steven Keen prophecies. The bet was from "peak to trough" as well. Maybe they should have sold at the peak rather than buying in it ???

im sure they wouldnt have bought at the peak if they knew it was the peak or are you privy to a crystal ball?

make sure you lend that crystal ball to all current homebuyers, it will be worth its weight in gold

 

[trainspotter]

im sure they wouldnt have bought at the peak if they knew it was the peak or are you privy to a crystal ball?

make sure you lend that crystal ball to all current homebuyers, it will be worth its weight in gold

LOL ..... nunthewiser picked the top about 50 pages ago white_goodman. Those in the know agreed with his wild and brash statement. Crystal balls and all.

 

[white_goodman]

LOL ..... nunthewiser picked the top about 50 pages ago white_goodman. Those in the know agreed with his wild and brash statement. Crystal balls and all.

well in light of that im off to sth america and vegas for coke and hookers...

 

[prawn_86]

well in light of that im off to sth america and vegas for coke and hookers...

Can i join you? Or we'll be there next year, perhaps you can be the scouting party

 

[againsthegrain]

a very respectable choice, much better then Thailand

 

[white_goodman]

a very respectable choice, much better then Thailand

lol going to Thailand in July, sth America for xmas

 

[kitehigh]

South America is gold, had the best times there. Brazil is no longer a cheap destination though due to their currency being very strong now. Great food and woman that's for sure..

 

[nunthewiser]

THE effect of proposed prostitution laws on properties in Perth's inner northern suburbs is raising some concern among residents.
Reforms to prostitution laws have been proposed by WA Attorney-General Christian Porter.

Under proposed laws, prostitutes will be prohibited from working within set distances from homes and schools.

However, the future of established brothels near residential areas is still under debate.

Perth City councillor and real estate agent Lyndon Rodgers has been vocal about the proposed laws and concerns about property values.

"It is difficult to put a dollar value on any decrease in value to a property because of the proximity to a brothel," Mr Rodgers said.

"However, I personally have had a difficult time in selling a residential property near a brothel.

."The 100m proposed distance from residential areas does minimise the approval of brothels, however, there are existing brothels which will probably gain approval in the proposal regardless of the proximity to any residential areas."

The question has been raised as to whether the proposed restrictive distance from homes is far enough.

"You get an interesting response when you speak with owners or tenants who are close to a brothel," Mr Rodgers said.

"Those who are close by do not seem to care too much, but possibly they are not aware of the consequences when they want to sell."

http://www.perthnow.com.au/real-est...s-raise-concerns/story-e6frg3o3-1226037992965

 

[prawn_86]

Had a conversation with a couple property bulls here at work. Two of the gold quotes they came out with, and they were deadly serious were:

"You cannot lose on property"

"Property in Aus will not go down"

Worth pondering...

 

[white_goodman]

Had a conversation with a couple property bulls here at work. Two of the gold quotes they came out with, and they were deadly serious were:

"You cannot lose on property"

"Property in Aus will not go down"

Worth pondering...

its funny how many people in financial jobs are 'world illiterate'

 

[againsthegrain]

I hear it all the time at work, back slapping each other with "dont worry you never lose on these things"

Worst is when they try to give you advice, your young so listen to us, go buy property before its too late, secure a foothold! "before its too late"

 

[medicowallet]

"You cannot lose on property"

"Property in Aus will not go down"

Worth pondering...

Obviously weren't around in the 80s and 90s

Like quite a few permabulls on this thread.


Long term averages do change, but most of the times bubbles return to trends, and for property, this would mean a correction or considerable stagnation.

 

[trainspotter]

Had a conversation with a couple property bulls here at work. Two of the gold quotes they came out with, and they were deadly serious were:

"You cannot lose on property"

"Property in Aus will not go down"

Worth pondering...

Not really, they have absolutely NO EYE DEAR what they are talking about.

 

[satanoperca]

Watch out the SKeen disease is spreading and coming to town near you.

“We have a very overvalued housing market and even a small adverse shock can be magnified by a large adverse impact on property values,” said Gerard Minack, global developed markets strategist at Morgan Stanley, who asserts Australian home prices are as much as 40 per cent overvalued. “We’re seeing that now in parts of Queensland.”

http://www.theage.com.au/business/more-cracks-in-the-housing-market-20110413-1ddtj.html

Speak to your local realestate agent for a cure of the SKeen disease.

Cheers

 

[medicowallet]

Not really, they have absolutely NO EYE DEAR what they are talking about.

View attachment 42407

You know what.

I don't know what is more scary, the face, the eyes or the guns on her....

She needs to get off the roids.

 

[jayinasia]

Had a conversation with a couple property bulls here at work. Two of the gold quotes they came out with, and they were deadly serious were:

"You cannot lose on property"

"Property in Aus will not go down"

Worth pondering...

I heard the same thing from my friends in the States during 2005. I knew it would end ugly when 700 sq ft was going for a million dollars in Southern California. Of course I was a few years early. I think there's still some room to run because I haven't heard "It's different this time" yet from my Aussie friends.

 

[wayneL]

"It's different this time"

It is, yet it isn't.

 

[Bill M]

Well well well, The Buyers Strike Hey? Just as I thought, it failed, it's canned, it's over. The fly by night posters are no where to be seen, never mind, facts are facts.
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While the issue of housing affordability is clearly an issue that resonates with plenty of people, GetUp members don’t support a boycott campaign. Over the course of the last couple of weeks, we surveyed a random segment of our membership to gauge support - only 10% strongly support the campaign, and more than half the surveyed members opposed this campaign altogether. For these reasons, we won’t be running a campaign in support of the property buyers’ boycott.

Link Here.
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