The future of Australian property prices

Bigukraine · 21 September 2011

medicowallet said:
Things are getting interesting.

More pressure in the news, growth tanking, and therefore wages/jobs will come under pressure.

Mainstream media is now against property.

Realestate agents calling me again.

Robots still has nothing, and is going backwards fast.

Pressure on interest rates up AND down!

Inflation to get a boost from the weaker dollar, banks higher funding costs, but in a weaker economy.

World's best treasurer supporting a houping bubble, while business finds it hard to get finance.

Clouds r coming

MW
(the original Robot destroyer)

PS Where is Robots?

I bought my umbrella ages ago..... i'm set and i do pitty the rest that can't see the storm in front of them and keep looking straight up and say the sun is still shining

Tysonboss1 · 21 September 2011

Bigukraine said:
I bought my umbrella ages ago..... i'm set and i do pitty the rest that can't see the storm in front of them and keep looking straight up and say the sun is still shining

As long as your investment operation is not made of sugar, a bit of rain from time to time will benefit you greatly.

robots · 21 September 2011

Hello,

here i am, still going strong

perhaps even the mods should go and re-read the first post of the thread, DH, hit the delete on everything

thankyou

professor robots

medicowallet · 21 September 2011

robots said:
Hello,

here i am, still going strong

perhaps even the mods should go and re-read the first post of the thread, DH, hit the delete on everything

thankyou

professor robots

So, how is property going Robots?

Is it doing as well as you predicted?

Are your properties performing as poorly as the general market in the areas you purchased in?

Lots of love
MW
(The ex Robot destroyer)

PS How is Mr Burns?

satanoperca · 22 September 2011

Joe Blow said:
Looking forward to some polite and constructive debate.

Hi MW,

Think you have done the Robot killing to death. Robots is not the only one in the world that owns property and is a property bull. If you kill off all the bulls who will there to be discuss the future of property prices with.

I for one have believed that we will see a descent falls in Oz property prices for some time, but I will get no joy if I'm proved right as it will cause pain to all of us.

Cheers

Temjin · 22 September 2011

*peek his head into this thread to see how it is going after being away for almost a year*

*hmm...not bearish enough, will check back later again*

*is amazed that Robot's egotism is still going as strong as ever and wonders how much longer will it last*

medicowallet · 23 September 2011

I am thinking of opening a business, just selling umbrellas

There is a storm coming....

Actually, buy an umbrella for $135.95, get two boxes of tissues for free. ( I will even offer a first umbrella buyer incentive of $5.95 off)

There is a storm coming....

MW
PS Where is Robots

Tysonboss1 · 23 September 2011

medicowallet said:
I am thinking of opening a business, just selling umbrellas

What, Is the snake oil business not doing it for you any more.

satanoperca · 23 September 2011

RP data August figures

Nationally %-2.9 Yoy
Melbourne %-4.3 yoy

the falls are slowly building.

Cheers

medicowallet · 24 September 2011

Beautiful morning brothers, spring has finally sprung, and the morning sun warms my back patio.

Birds are playing on the lawn, still eyeing off the neighbour's garden, and enjoying the new found peace and quiet in my street on the weekends.

Less people driving must be a great thing for "carbon pollution" as is the imminent massive price increase in petrol. Save the planet I say, and the GG (edit - this is not Garpul) and the pm while we are at it.

Looking forward to the 560 reported auctions from the 750 expected this weekend, that should keep it over 50%

Keeping it real for the true believers of the houping market,

Sunshine, lollipops and a snap crackle and pop
MW
(the original reformed robot dismantler)

PS Where is Robots?

robots · 24 September 2011

hello,

sure is another great day, fantastic job at keeping the thread going medicowallet top effort brother

everyone on the pushie now, anyway hope to stick around as long as i dont get anymore infractions like the other night when i got 3 x 5 pointers, amazing, just for using large letters

and people want to kill me off! oh well, gee the shonk exchange got hit AGAIN

thankyou

professor robots

trainspotter · 24 September 2011

You are a very, very sad man MW or should I say Mr Burns?

medicowallet · 24 September 2011

medicowallet said:
Beautiful morning brothers, spring has finally sprung, and the morning sun warms my back patio.

Birds are playing on the lawn, still eyeing off the neighbour's garden, and enjoying the new found peace and quiet in my street on the weekends.

Less people driving must be a great thing for "carbon pollution" as is the imminent massive price increase in petrol. Save the planet I say, and the GG (edit - this is not Garpul) and the pm while we are at it.

Looking forward to the 560 reported auctions from the 750 expected this weekend, that should keep it over 50%

Keeping it real for the true believers of the houping market,

Sunshine, lollipops and a snap crackle and pop
MW
(the original reformed robot dismantler)

PS Where is Robots?

Hi brothers, the clearance rate was 53%, wow, fantastic, excellent!

total reported was 599, so obviously 151 went missing, I wonder why?

Anyway, fantastic day today, sunshine blazing, less cars than I expected, many less.

Keeping it real for the houping market

MW
PS Where is Robots?

robots · 24 September 2011

hello,

yeah top day alright

thankyou

professor robots

tothemax6 · 24 September 2011

So this is the robots vs medicowallet bitch-fight thread?

drsmith · 24 September 2011

Something to sink your teeth into,

http://www.rba.gov.au/publications/fsr/2011/sep/pdf/house-bus-bal-sheet.pdf
http://www.rba.gov.au/publications/fsr/boxes/2011/sep/c.pdf

medicowallet · 25 September 2011

tothemax6 said:
So this is the robots vs medicowallet bitch-fight thread?

Nah, Robots and I love each other.

We just provide information for the readers of this fine thread, such as auction clearance rates (whatever they mean)

Keeping it real for the true believers, especially in Robots' absence.

MW
(The original robot dismantler)

FxTrader · 25 September 2011

drsmith said:
Something to sink your teeth into,

http://www.rba.gov.au/publications/fsr/2011/sep/pdf/house-bus-bal-sheet.pdf
http://www.rba.gov.au/publications/fsr/boxes/2011/sep/c.pdf

Interesting reading indeed drsmith. One notable quote...

During the periods of strong housing price growth in Queensland and Western Australia, investor activity increased significantly more than owner-occupier activity (Graph C4). Between 2000 and 2007, the value of investor loan approvals grew around fivefold in these two states, whereas owner-occupier approvals increased around threefold. Recent softness in housing prices has been associated with sharper falls in investor approvals relative to owner-occupier approvals. This procyclicality in lending may have amplified cyclical movements in prices, raising arrears rates in aggregate.

The insanity and price distorting effect of an unlimited negative gearing subsidy exposed in an RBA publication. Investors crowd out owner-occupiers and push up prices. Less property investor activity = lower prices for everyone, note that Aus governments (federal, state and local) aren't listening and actually support this market distortion - for different reasons. Housing affordability relative to income will always be an issue where tax policy/subsidy favours property speculation.

This and population trends are the reason why I have become a bit less bearish on housing prices in Aus. Tax advantaged IP will continue to appeal (and support/distort housing prices) in the wake of what is likely to be prolonged negative or poor returns in equity markets and stable or lower interest rates. So what if your leveraged IP only returns 3%, when equities are at -20% you're feeling good as a property investor.

Agentm · 25 September 2011

medicowallet said:
Nah, Robots and I love each other.

We just provide information for the readers of this fine thread, such as auction clearance rates (whatever they mean)

Keeping it real for the true believers, especially in Robots' absence.

MW
(The original robot dismantler)

robots is a classic

what is written by robots makes me absolutely hold my breath for the next line

enigmatic

not that i agrre with any of robots sentiment..

but, the bubble is deflating, imho the wealthy wont like it..

a revolt on hte horizon,, they need more working class capital thrown at the bubble..

imho the proletariat will be given ample incentives to recreate the 2008 bonanza,,,

failing that,,, the bubbles over,, kahhputt

all imho

ROE · 25 September 2011

Agentm said:
robots is a classic

what is written by robots makes me absolutely hold my breath for the next line

enigmatic

not that i agrre with any of robots sentiment..

but, the bubble is deflating, imho the wealthy wont like it..

all imho

Why wealthy people doesn't like cheap asset? I like lot of cheap asset
Someone who is wealthy has more income than their expenses...

Cheaper asset give wealthy people more purchasing power which in turn
generate far better yield in the long run.

Mr A has an income of 50K and his expense is 30K a year
is far wealthier than Mr B with 100K income and expense of 90K

Speculators and those who borrow lot doesn't like asset deflating because
their cost of borrowing exceed asset appreciation

Don't get confuse with wealth and high income and people load with debt that their expense exceed their income...

The future of Australian property prices

hello

hello

hello

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