I raise your article and flip the river on the table with this "Sydney house prices to soar 20 percent by 2013"
Ha ha ..... Touche'.
http://www.dynamicbusiness.com.au/news/sydney-house-prices-bis-shrapnel-1680.html
Haha Touche' indeed
On a serious note, how is the average punter meant to make an informed decision? For every negative article there is a positive one. For every crash story there is a boom story - no wonder so many are often frozen with indecisiveness.
It is what it is KurwaJegoMac. Property has always been the same for me. There are certain areas that are reasonably well priced and will provide a % yield over a period of time. This has not changed. If you think you are going to make a quick buck you are wasting your time. The rules have changed somewhat and there is a lot of uncertainty in the market.
It all depends on what you are trying to achieve I suppose. Buying a house to raise a family in would mean different dynamics compared to buying a house/unit for rental/investment purposes. I don't advocate the 95% LVR and the NIL home loans for the FHB to get impaled upon these days. Job security, interest rate fears, cost of living, adjusting global monetary crisis, many external factors are now in play.
Do the research and have an exit strategy for worst case scenario.
The Australian Financial Review July2-3, 2011 "Paradise losing money"
Palm Beach median house price
May 2010 - $2.80m
May 2011 - $2.36m
-16%
Noel Nicholson, McGrath's Palm Beach - "There are 210 properties on the market in Palm Beach at present. Thirteen properties have been sold this year. Last year there were 25 sold and in 2009 there were 54 properties sold." Averaging 35 sales a year that's 6 years' supply ha ha ha
Noosa Heads median apartment price
Dec 2006 - $790k
Sep 2010 - $675k
-15% ha ha ha
Noosa Heads median house price
Mar 2008 - $1.05m
Sep 2010 - $646k
-38% hardy har har
High-profile Noosa agent Tom Offerman, of Tom Offerman Real Estate, admits he is selling new beachside houses from $510,000 as part of receivership sale when once they were priced at up to $1.4 million. -64% OMFG!!!
AFR July 2-3, 2011 "Worst possible timing for owners"
The values in some apartments in the Mirvac development (Tennyson Reach on the Brisbane River) have dropped from $2.45 million to $1.5 million, -40% bugger!
Mrs Buchanan's apartment is ideal, and they don't mind the quiet that pervades from the 43 unsold apartments that surround them. Who's gonna pay the fees?
Some apartment owners, including Brisbane property developer David Dunworth are set to take legal action to try to get out of completing the purchase of the apartments they bought off the plan. Even a property developer wants out ha ha ha
Seems like lots of people losing lots of money on property. Who woulda thunk it possible?
Yep, life sux hahahahahah
The Australian Financial Review July2-3, 2011 "Paradise losing money"
Palm Beach median house price
May 2010 - $2.80m
May 2011 - $2.36m
-16%
Noel Nicholson, McGrath's Palm Beach - "There are 210 properties on the market in Palm Beach at present. Thirteen properties have been sold this year. Last year there were 25 sold and in 2009 there were 54 properties sold." Averaging 35 sales a year that's 6 years' supply ha ha ha
Noosa Heads median apartment price
Dec 2006 - $790k
Sep 2010 - $675k
-15% ha ha ha
Noosa Heads median house price
Mar 2008 - $1.05m
Sep 2010 - $646k
-38% hardy har har
High-profile Noosa agent Tom Offerman, of Tom Offerman Real Estate, admits he is selling new beachside houses from $510,000 as part of receivership sale when once they were priced at up to $1.4 million. -64% OMFG!!!
AFR July 2-3, 2011 "Worst possible timing for owners"
The values in some apartments in the Mirvac development (Tennyson Reach on the Brisbane River) have dropped from $2.45 million to $1.5 million, -40% bugger!
Mrs Buchanan's apartment is ideal, and they don't mind the quiet that pervades from the 43 unsold apartments that surround them. Who's gonna pay the fees?
Some apartment owners, including Brisbane property developer David Dunworth are set to take legal action to try to get out of completing the purchase of the apartments they bought off the plan. Even a property developer wants out ha ha ha
Seems like lots of people losing lots of money on property. Who woulda thunk it possible?
The Australian Financial Review July2-3, 2011 "Paradise losing money"
Palm Beach median house price
May 2010 - $2.80m
May 2011 - $2.36m
-16%
Noel Nicholson, McGrath's Palm Beach - "There are 210 properties on the market in Palm Beach at present. Thirteen properties have been sold this year. Last year there were 25 sold and in 2009 there were 54 properties sold." Averaging 35 sales a year that's 6 years' supply ha ha ha
Noosa Heads median apartment price
Dec 2006 - $790k
Sep 2010 - $675k
-15% ha ha ha
Noosa Heads median house price
Mar 2008 - $1.05m
Sep 2010 - $646k
-38% hardy har har
High-profile Noosa agent Tom Offerman, of Tom Offerman Real Estate, admits he is selling new beachside houses from $510,000 as part of receivership sale when once they were priced at up to $1.4 million. -64% OMFG!!!
AFR July 2-3, 2011 "Worst possible timing for owners"
The values in some apartments in the Mirvac development (Tennyson Reach on the Brisbane River) have dropped from $2.45 million to $1.5 million, -40% bugger!
Mrs Buchanan's apartment is ideal, and they don't mind the quiet that pervades from the 43 unsold apartments that surround them. Who's gonna pay the fees?
Some apartment owners, including Brisbane property developer David Dunworth are set to take legal action to try to get out of completing the purchase of the apartments they bought off the plan. Even a property developer wants out ha ha ha
Seems like lots of people losing lots of money on property. Who woulda thunk it possible?
The above are very selective figures and not a reflection on what is going on in the property market as a whole. I've got a unit in Kedron where prices are not going down much at all. My son sold his unit in the same complex for $355000 which is a little more than another unit which sold 8 months ago. Wavell Heights houses went up by 10% in the last year. Nundah's figure is very similar. I live in Aspley where houses are still selling fairly quickly - prices appear to be very similar.
i think if any one makes an offer some where near reasonable take it ,because next year you will have wished you had.
I dont' think so, it is a tradgedy and a disgrace, from Government to property developers, spruikers but in particular the banking system which has us all sucked in.
to those who ha ha ha.
Most will watch frozen by fear.
Look for land value and replacement of dwelling prices to exceed prices offered on the property your buying.
Wether that be a high or lower priced investment.
Return on capital is also a must consideration if an investment.
I expect a stagnation at the higher end of the market.
They will still sell but based upon appeal and of course bargain pricing.
Most other housing will be driven by demand.
My area Moana in SA rose 28 % last year!
The examples shown above as pointed out are selective and expected.
But as usual a lot of typing by many and bugger all action---- which will be reflected in people's investments--- or more to the point --- lack of.
Yes agree
And as the plans for both are in our tender department ( for retaining walls--- our specialty) this who recognize the potential will ve buying with open arms.
It's out there just have to recognize the opportunity then DO SOMETHING!
I'm not trying to be selective but would like the discussion to be more balanced. Well located and well priced properties appear to be doing well. I own a Kedron unit which is close to the soon to be completed northern busway. There appears to be a big demand for the units in the complex. About 4 units have come onto the market recently and have all sold at great prices within a few weeks of listing.I could suggest that you are also being selective with your analysis.
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?