Sydney house prices to go up more 20% apparently. Good God, who the hell would want to live there at those prices.
Sydney house prices to go up more 20% apparently. Good God, who the hell would want to live there at those prices.
This might be a silly question but is there anywhere where we can get the median house prices (melb etc)for each Month/QTR etc and run a moving average over it to give us an idea how the prices are really travelling?
I am trying to work it out for myself rather than rely on the real estate industry.
Sydney house prices to go up more 20% apparently. Good God, who the hell would want to live there at those prices.
Originally Posted by moXJO
Sydney house prices to go up more 20% apparently. Good God, who the hell would want to live there at those prices.
Wealthy Chinese?
LOL.
http://www.theaustralian.com.au/bus...ng-turns-off-tap/story-fn9656lz-1226165293150
But despite the government-induced sales slump, demand in China for property and investment opportunities -- as well as residency and immigration options for its growing middle class -- spells good news for Australian property developers.
"It's like a tap -- the government had successfully turned it off and they have done a good job but the pressures will not stop building up behind it," says Peter Why, a director of Beijing-based consultancy GNS, which specialises in the Chinese and Australian property markets.
Billionaire Harry Triguboff's Meriton, for instance, is on record saying at least 60 per cent of its sales are to Chinese buyers. Melbourne-based developer Central Equity has predicated its whole business model on demand from China and other parts of Asia. Listed companies such as Mirvac, Lend Lease and Stockland would take a dent in their earnings without Chinese buyers.
"Much of the Chinese market is driven by immigration -- China passed the UK to become the biggest country of origin for Australian migrants last year. And many Chinese who have invested once are keen to do so again, as they see safe rates of return on their money," Why says. "What we are seeing is just the beginning. Just as Japanese investment in property followed their investment in resources, so it is with the Chinese. I would expect that we will see a surge of Chinese investment in the sector over the next five years. You are already seeing an increasing number of Australian developers taking their roadshows to China."
Yes, wealthy Chinese are buying up big in certain areas of Sydney . . . . the below extract relates mainly to the Melbourne Unit market, however Sydney is experiencing a huge influx of wealthy Chinese buyers of both new and exsiting Units and Houses in many suburbs.
Yes, wealthy Chinese are buying up big in certain areas of Sydney . . . . the below extract relates mainly to the Melbourne Unit market, however Sydney is experiencing a huge influx of wealthy Chinese buyers of both new and exsiting Units and Houses in many suburbs.
hello,
good evening brothers, any auction results yet?
i want to collect all the data to decide on whether to invest in property
another great day
thanks
professor robots
hello,
thanks for the data,
great stuff, gotta do the research
thankyou
professor robots
Wow Robots has the net on in his caravan .. why don't you set up a web site for fellow Aussie who like you thought property will never crash like it is doing now and will continue to do for years to come.
Call it Australians Biggest Losers warn your ISP here could be a overrun on your site and branch out into hiring 1 bedroom apartments AKA caravan's as there will be a shortage of them soon.
You can all sit around playing Monopoly and talk about when RE was king.
hello,
thanks choofer, great opinion brother
everything going fine, i got a new push bike just recently (an Apollo hybrid 7spd)
rolls nicely
oh yeah, weed, goof balls, uppers, H, crank, arctic, mogadons, the caravan rockin
thankyou
professor robots
hello,
get a few guests from ASF who have lost a bit also to help out, a few Storm turkeys (which i still cant understand if shares are the way to go, oh well)
must be a couple of the 95 out of 100 who fail trading shares (buying/selling businesses as many put it)
hello,
i just reported the auction results and the likes of you and others extrapolated that to mean i am a property perma bull, got banned for it too. better watch out MW your account may be in trouble
even with the GFC people got smashed, that was all by rogue's (advisors) as well? hehehehehehehe
so after the biggest financial event since 1929, property went higher than pre GFC numbers and now its down what 5%-10% in Melbourne? hehehehehehehee
asx 6000 down to 4000,
thankyou
professor robots
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