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The future of Australian property prices

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hello,

thats right i was buying at the top in 2010 all the experts at ASF told me last year, hehehehehehehe

ASF Investor of the Year 2011 (07,08,09,10)

thankyou

professor robots
 
robots said:
hello,

thats right i was buying at the top in 2010 all the experts at ASF told me last year, hehehehehehehe

ASF Investor of the Year 2011 (07,08,09,10)

thankyou

professor robots
Click to expand...

Sure, you purchased at the top, that is why you are carrying such losses, and have been hiding for the past month.

Sorry, you made a mistake, admit it, be done with it, and start to minimise the losses you are carrying, and which are coming.

Melbourne is down 10% as of july, probably down 15% by the end of the year.

Ballarat will probably be up 10-13% by the end of the year, with very low median prices.

Cash has been king for the past 12 months, yet you gambled on the hosing market, you are hoping that the bubble will maintain,

How can it, when your resolve can not even do so. I see it Robots, you are cracking, this is your last attempt to try to con us that you are not being smashed by the market you are so geared into.

You have no doubt lost at least 10%, perhaps 25-40% with gearing. How much more do you expect to lose over the next 12 months?

Interesting times ahead

Sunshine, lollipops and smaller bubbles than Robots imagines

MW

PS How is Mr Burns?
 
I heard Mr. Burns is now called Mr. Burnt and could be appearing on the new TV show called Australia Biggest looser's all about RE..
In 2035 when the depression Re will start to return as an investment.
 
robots said:
hello,

thats right i was buying at the top in 2010 all the experts at ASF told me last year, hehehehehehehe

ASF Investor of the Year 2011 (07,08,09,10)

thankyou

professor robots
Click to expand...

wow

robots thinks he is the only Real Estate investor in australia.. lol

robots, i would hazard a guess that a majority of ASF members are owning property, and have seen rises in land value during this decade long property bubble..


but its not possible you could match or beat my investment returns robots


my 5k i started with is now in a place where it can buy any property i want for cash in melbourne

current holdings in the likes of sbr tig and txn have a minimal upside of 100% return in the next 6 months to 12 months..

my current sizable holding in NGE has risen from .09 to .14 in the past week alone.. with a good chance of a major discovery being announced early next week which should see that share rise perhaps another 100% from where it is now.. who knows?

i held 100% in a company that rose from .04 to .42 in about 9 months, and trebled my holdings at .04

we are not talking a few % YOY returns like you think is amazing in the RE market during the government driven bubble..

asf investor of the year in your own imagination robots..

your as full of hot air as the bubble you cherish

i thought this forum frowned on ramping and certainly no one believes your bogus claims of being asf investor of the year. your making claims that are unable to be substantiated..

you always come across as a RE industry plant.. do you get paid per post?

lol
 
hello,

gee, just posting up how Ballarat is doing really well through this period in time ( i thought thats the title) oh well

strange comment from medicowallet about the asx tanking but one particular stock may go up 40%, like isnt that the idea to use your skills and identify opportunities to make money

oops, sorry real estate isnt included in that one, sorry sorry fella's

i dont know, is it jealously about the life some of us walk?

oh well, enjoy the week brothers

thankyou

professor robots
 
robots said:
strange comment from medicowallet about the asx tanking but one particular stock may go up 40%, like isnt that the idea to use your skills and identify opportunities to make money
Click to expand...

Yes, but I am man enough to acknowledge that that one win does not make up for my losses.

Kind of like if I owned a property in Melbourne and one in Ballarat, and pretended I was doing well.

Keeping it real for the true believers

MW

PS, how is that credit going at the internet cafe Robots? Just keep believing that the hosing market will come good, it just might if you pray for enough years.
 
Dear Prof Robots AKA ASF investor of all time,

Can you please give me your opinion on the future of Australian property prices?

Thanks in advance.

Cheers
 
Glen48 said:
House prices will go down just like USA until about 2035.
Click to expand...

My mother always told me to be cautious around smoking babies.

Why 2035? Is it just a hunch or do you have some credible analysis?

Are you the evil twin Prof Robots?
 
I am very impressed with the contributions from both sides of the argument and I am sure there are people here that can give me some advice

I am renting [have been for many years after selling our homes]and investing what I save by doing that.

Absentee owner likes me to do minor repairs and does not want to spend much money - I do not have a problem with that as annual increases are negotiated depending on how much work I have done.

Anyway owner visited - first time in 5 years and I asked him what his plans were. He was non committal but said he is not selling.

I did offer to pay a years rent in advance.

He seemed friendly - said he had forgotten what the home looked like.

He said he the agent had not told him about some repair items that were necessary that agent had been told about.

The current 2 year lease expires in a few weeks and for the last 2 months I have been asking the agent what the intentions were.

With 3 kids at home a stressful time!

It seems the agent [who always seems overworked] has not passed this request on.

What would you advise now - contact owner direct [never done] and probably upset agent or keep hassling the agent?

Thanks
 
i would be paying the rent 2 days after is due no more as things change and he will have to sell one day when he sees the way the market is tanking... keep and eye out for a cheaper house when rents come down.
 
Keep paying your rent as usual
Keep requesting your rental agreement renewal.
Even if he wants you out he needs to give 6 weeks notice.
My bet is he is looking to up the rent.---Hence non commital.
Once an offer is on the table up to you.
Oh Id have him get pros to fix things if something doesnt work out---youll be the one holding the baby!
 

We are in Qld. lease agreement says 1 months notice of rent increase prior to expiry if lease - that 1 calendar month is this week.
 
Welcome back Robots, hope you sold out while you had the chance.



What should I do? Sell my PPOR and rent or just stay and pay my loan? Maybe upgrade to a new place?

Oh did i mention sunshine and lollipops on the weekend, if prices continue down could be a nice time for me to scoop a deal from one of these "investors" and upgrade the house for the family. Ahhh i can taste the lollipops now.....

 
freebird54 said:
We are in Qld. lease agreement says 1 months notice of rent increase prior to expiry if lease - that 1 calendar month is this week.
Click to expand...

maybe he is happy just to have a month by month,

My tenants are all on month by months,

They are all longterm tenants, I just can't see the need for constant renewal of the lease, as long as they pay their rent I won't be kicking them out.
 
Tysonboss
What ever happens in USA happens here, Home owner's who think the market will recover will want to rent out their home and move in with their parents or some one and rent out their property to assist with payments, then they will see house prices are still going down and they are underwater and decide to sell but there will be no buyers so the tenant will be there as long as they can afford to pay or move on to some thing cheaper.
This is a train wreck coming to a burb near you soon
 
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