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The future of Australian property prices

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Did anybody see the front page of the Herald-sun last Saturday?
The reiv has finally admitted to falling clearance rates & home values.
to the the tune of $400 per week or some such?

Rgs.
Vicki
 
hello,

gidday brothers, no extra shifts for me MW

so after the greatest financial shock the world has seen since 1929 and house prices have dropped a HUGE 6% WOW

and thats after a run of around 20% in 2010! hehehehehehehehehehehehehehe

what suburb you own your property medicowallet?

oh well

thankyou
professor robots
 
hello,

and the government will bring in some new grants or drop interest rates as the RE sector is a contributor to the economy,

after all, farmers, car manufacturers, textile manufacturers, importers and exporters all get handouts so RE will collect (as they should)

share the handouts around, thats alright brothers?

thankyou
professor robots
 
Hi Robots,
Good to read from you again,you're good value..[I've been away to long]

I think the greatest financial shock, is yet to come...& pos. very soon!

rgs.
Vicki
 

Problem is we cant even afford to repair QLD after floods without a levy we sorta used all our money when giving out 1000 to everybody lol
 

Does this mean one of the forums biggest property bulls has acknowledged declines in property

My, things have changed

Sipping my latte's
 
hello,

they went down the other year as well brother, you forgot that one

and stop assuming anybody who doesnt agree with Keen and his followers is a property bull, NG specuvestor, slumlord, seminar set

say it again, i would hate to be 55+ and not own the roof above your head, look at poor old Explod who has been staying in sons garage over in werribee

oh well

thankyou
professor robots
 
hello,

i hope the mods hit the delete button appropriately

thankyou
professor robots
 
robots said:
hello,

say it again, i would hate to be 55+ and not own the roof above your head, look at poor old Explod who has been staying in sons garage over in werribee

oh well

thankyou
professor robots
Click to expand...

Wonderful for an ole fella to be remembered at this most interesting time in history.

Always welcome down here at Mount Martha and have a very good back shed for you too Confessor.

Bet your glad I got you onto those 1966 silver rounds, up 35% since then.

cheers explod
 
hello,

yes good pick Explod,

i am just glad i got people into property back in 2005+ , those in are up many many many $$$$$$$

is that okay? like you can make money on silver which produces nothing for the economy, absolutely nothing

but property, no no no no no no, socialist party says NO

thankyou
professor robots
 
hello,

can you feel the euphoria running through the body brothers, robots in the house

the terminals getting flicked on across the stratosphere is huge

thankyou
professor robots
 

Yea your right, mining makes up none of our economy..

Have a look at silvers industrial uses there are quite allot.
 
robots said:
so after the greatest financial shock the world has seen since 1929 and house prices have dropped a HUGE 6% WOW
Click to expand...

Yes WOW a 6% fall in just three months, with inventories rising rapidly.

Don't count your chickens just yet, GFC 2 coming to a town near you soon.

But do agree with you 100%, need a roof over your head for retirement, but timing is everything.

Cheers
 
Although i think the market will maintain a stable or declining nature over the next 2years while wages start catching up again and rent starts becoming increasingly more expensive.

the most important thing is don't over extend yourself in the current market.

I personally think its a great time to be looking. I have a feeling if things don't get better the RBA will have to drop interest rates as they over did it. once that happens the average home owner who is on the edge will have far more confidence they can last it out, wages are definitely on the rise especially the mining industry, people are in save mode right now until they are confident well funded, so they can make there next investment so yes the demand is soft.

Less buildings getting built and lower rental vacancy also mean one things rents are going to rise and if they rise yields increase, and increased yields mean it will not be a great option to sell. Once this happens and people have more cash well you can put two and two together..

Projects are just starting up I guess I'm from Perth so this is going to impact property prices and especially rents soon.

Any way go out and find a bargin and make the seller work for his money.
Even though property hasn't dropped much I think if you try you can get 10-15% of the price of those that are over committed
 

You actually have put up a better argument than even Enzo could from REIV, that's quite a achievement
 
Good to see you are still alive, I thought maybe your Internet Connection had been cut-off while you are struggling with the Cost of Living and higher Mortgage repayments.

I hear what you are saying on the handouts, but this isn't going to make an iota of a difference to the First Homeowners who gut sucked into this Ponzi Scheme over the last 2 years, Joe Average that can't make ends meet, and that's with Interest Rates so low. Trying telling Joe Average that his area has gone up by 20% a year up until 2008, when he bought in 08 or 09. Some fool that just bought a property for $500K and that has dropped 6%+ in the last few months, has just lost around $50K+ easily. That's a lot of money for Average Joe.

Good to hear you are thinking positively about the Govt giving more handouts to the Real Estate Shonk Market. Just a shame the Govt is broke, some sectors of Business are broke, dwinding house sales and dropping house prices = less take for the Govt.

I guess JuLIAR thought the great Carbon Tax Ripoff would help take money away and give back to some sectors of the community, maybe prop up the Real Estate Ponzi Market? But that's pretty much dead in the water.

So, where is all this Govnut (our money) coming from to help those struggling families out of their Real Estate Nightmare? Or put more NINJA's into a depressed market?
 
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