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The future of Australian property prices

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In more relevant news

The Mortgage Backed Security (MBS) market is growing again in oz.

ABS released figures this week showing the first positive growth in assets held by securities in over 15 quarters!

Meaning the mortgage market is getting more liquid again.

Depending on how you look at it;

property bears: setting up for a bigger fall
property bulls: more competition in the mortgage industry = lower fees + lower rates = more borrowing = increasing property prices
 
no wonder the bears on here are having such a party....
this site, forum, thread is so devoid of fact... it is unbelievable
and like the original ...globalhouseprice crash forum died....so too will this forum

bears do not do not read the facts...they miss alll the relevant signs.....they cannot grasp the most basic information,,,,hence it is the blind leading the blind

just for the record....
that 3.6 million that ch9 or whatever paid for the whole site..included a corner vacant block of over 436 square metres....possibly worth at least 2 million....that is not on the
market....
that makes the other 4 blocks sold, at an intial cost of around $500k's each, plus the cheap, reno's, of probably $50,ooo each.....a huge profit on sale.... what was the sale prices again....??? up to or closer to a 1million each....

and that show is still sitting on profits, or capital gains of in excess of the profit on the vacant block...

lets ignore the marketing, advertising profits from the tv show and just concentrate on the capital gains of each house......
one sold for a million bucks..the others were not far behind...
are you able or capable to compute the difference ?
or are you so stuck with your faulty crystal balls, and the mantra of a house price crash..that you cannot see the difference

no wonder all the successful property investors shun this site....
 

I'm a bit curious as to why, if you are a successful property investor, you have 1,500+ posts on this forum instead of 'shunning' the site?

Joe runs another forum targeted more at property investing: http://www.aussiepropertyforums.com.au
 

Time to change your sig? 20 years perhaps? Or is it time to drop your expectations..

Going backwards at the moment is fun innit.


Clearance rate at 55% this weekend..

Why is it remaining so low oh experienced and wise property investor?
 
kincella said:
no wonder the bears on here are having such a party....
this site, forum, thread is so devoid of fact... it is unbelievable
and like the original ...globalhouseprice crash forum died....so too will this forum
Click to expand...
Big call there Sapphire. ROTFL

BTW, for the record the original House Price Crash site is still alive and well. http://www.housepricecrash.co.uk

GHPC was started by disgruntled members who were banned from HPC and was essentially a duplication. That it no longer exists is meaningless.

no wonder all the successful property investors shun this site....
Click to expand...

Something you might have missed... this is a stock site, not a property site. LOLOL
 
just putting forward an alternative view....
god help any innocent that may stumble across this site....
as the majority of views here are negative on property...
however meanwhile...in the real world...property is alive and well...
and doing very well thank you
that is why you have so few people commentating on the property sector

unlike the gambling den that most of you are stuck in.....
everyone needs a roof over their heads....
but none of them need a hyperventilating, second by second,
gambling den ...that is the share market.....
now to be more than generous with you all...mods included....
your specialilty is in the stock market....I assume you are all gurus, make zillions every day...but you do not live in caves....
and you either own or rent a roof over your heads

my speciallity on the other hand, is in providing the roofs over your heads...or providing the real estate for the shops that you may frequent, to spend some of those zillions that you earn....

where is all the angst you express.. coming from...
we are all in this together...are we not ?
meanwhile...out there in the real property world ......
oh, why bother...you cannot see the woods for the trees anyway...
so why bother......
you would be hard pressed to find any of the stock gurus, ceo's that you diligently follow....
are renters
or against property investments
or do not hold an impressive property portfolio
 

Spoken like a true Pro who must be up to your neck in it.

And gold is up an average of 30% per year since 2002. Arh well, you know best.
 
And gold is up an average of 30% per year since 2002. Arh well, you know best.

And I'll bet like the rest of us you sat by and watched.
Same with Oil
Same with AUD

Some of us actually took advantage of the housing boom
One boom can be enough!
 

I just keep people like you alive, so you can do my bidding...

How much has property increased this year? (PS it is a trick question)

How much will it decrease over the next year?

Where is Robots?

How is China doing?

Regards,

MW
 

You obviously have not followed the gold threads. I began to buy physical bullion in 04 and have continued to accumulate since.

Go back and have a read of my earlier posts in that thread from 07/08.

I sold five properties in 05 and yes got it wrong as there was much more in it, however a dip then hit my stop loss so to speak but I will be back into it again after the market has tanked and there are signs indicating it may well start soon.

As an avid trend follower since then I do have a better idea of what to be on. The chart/market now tells me what to do and when.

And if gold and silver continue on thier merry way as they are now doing I will probably not have to bother with anything at all after that. We shall see.
 
Well if you've invested in gold the value of 5 homes or well over a million then I'll donate another $500 to Joe.

Frankly I don't have the kahunas.
Sure most will invest a small amount of net wealth but few life changing sums
 
medicowallet said:
I just keep people like you alive, so you can do my bidding...

How much has property increased this year? (PS it is a trick question)

How much will it decrease over the next year?

Where is Robots?

How is China doing?

Regards,

MW
Click to expand...

Property is like the SCUD in the arsenal lol
 

We thank you for your services to humanity, providing dens for punters to gamble from. </sarc>

Kinc, there is no need to be quite so emotionally disturbed because there are a few property bears on this site, nor is there any need to disparage traders the way you have. This is a stock site, with some short term traders and nervous novices so discussion on stocks and their short term gyrations would be expected don't you think?

There will always be a bull case and a bear case for any asset and there is no obligation that people must agree with your views, whether they be right or wrong.

So please, state your case on property, this is a property thread after all and can the emotional lashing out.
 
tech/a said:
Well if you've invested in gold the value of 5 homes or well over a million then I'll donate another $500 to Joe.

Frankly I don't have the kahunas.
Sure most will invest a small amount of net wealth but few life changing sums
Click to expand...

If only. On the advice of neatly suited gurus thought I had it made only to find the cost of debt and fees to equity value nearly took me to the wall.

But it was a good lesson, nearly killed my wife and I but I hit the books for myself and learnt new ways. We are getting back on track but it has been a very hard slog. So if I have (and I have) sounded bitter over the years there have been a good reasons.

And these spruikers that give themselves fake university letters epitomise my detestation.

But anyway
 
medicowallet said:
Clearance rate at 55% this weekend..
Click to expand...

Actually, there were 615 houses listed for auction this past weekend - see REIV preview 24 Aug 2011 http://www.reiv.com.au/News_Publications/News%20Archive.aspx?newsID={22F6DADC-D363-489D-8D4A-48D23BA3A9B7}&title=Auction preview 27 and 28 August

However, only 525 auctions were reported to REIV this last weekend. So, a whopping 90 auctions (or 14.7% of total auctions)mysteriously vanished into the "agents unwilling to report failed auctions" bin between Wed 24th Aug & Sun 28th.

So surely the "true" clearance rate is much lower than the REIV's touted 55% - potentially as low as 47% (ie: 289/615 ACTUAL clearances?).

Let the Big Fudge continue.....
 
The start of the week and the slow moving property market is building momentum, abiet slowly but the signs are there.

Increased inventory everywhere, Melbourne winning the race
Property prices down from peak
Discounting increasing
Auction clearance rates down
Reporting on oversupply of housing increasing
Unemployment rising
Retailing being smashed
Banks trying to lend but no takers on offer
No clear direction on interest rates

Well the logical conclusion must be property prices must rise, because we are different.

Will keep to my conclusion, property prices falling 10% from peak is a much needed correction, falls greater than that we are heading towards a crash. Will just have to wait and see.

Cheers
 

Seems that Sydney may be bucking the trend : -


 
Quincy said:
Seems that Sydney may be bucking the trend : -
Click to expand...

Home and apartment prices in Melbourne are down 3.9 per cent this year to $485,000. In the Western Australian capital of Perth, prices are down 2.4 per cent to $461,000, according to RP Data-Rismark. Sydney has side-stepped some of the weakness, up 0.5 per cent over the past 12 months, but still off 1.3 per cent since the start of this year to $515,000.
 
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