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The future of Australian property prices

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Only need one deal a year to cover expenses prawn86
 
Mr Z said:
or hot blonds that say yes after you have had 16 beers, are legendary in your own mind and can barely speak.

Not my reality but never say never.
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Exactly, after 16 beers they are all hot blondes. The only question is your performance.:
 
sptrawler said:
Exactly, after 16 beers they are all hot blondes.
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Nope... your perception is that they are all hot blondes... reality however is waking up in a house that you paid too much for.

sptrawler said:
The only question is your performance.:
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Hey I only wanted it for a year or so... after that some greater fool was gunna buy it! Whadda ya mean the music stopped? I gotta keep this up for how many years? Seeeeesh!?
 
Mr Z said:
Nope... your perception is that they are all hot blondes... reality however is waking up in a house that you paid too much for.
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And you cant' afford 16 beers.

Does it come down to the blonde or the house ?

err, you'd get kicked out of the house I spose anyway.
 
explod said:
Does it come down to the blonde or the house ?
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What planet do you live on? The blonde got the house and I got the payments, where was the OR choice ... or was it she got the mine and I got the shaft... I always get

Now where is that beer that I can't afford?
 
Mr Z said:
What planet do you live on? The blonde got the house and I got the payments, where was the OR choice ... or was it she got the mine and I got the shaft... I always get

Now where is that beer that I can't afford?
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LOL ... welcome to my world brother !
 

Thanks for that link Temjin. Good one.

Yeah, I agree they have managed to squeeze some positive juice out of pretty much EVERY negative. LOL. Most of it comes down to "should be better" "might pick up" "may improve" etc, etc. An awful lot of wishful thinking to assuage concerns in property sector, metinks.

Plenty of fat to chew over.

 

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Don't you just love the adds currently on TV and radio on advertising home loans.

"...its never been a better time to take out a home loan as its a buyers market"

As traders we are lucky that we understand the fundamental of "never try to catch a falling knife".
 

Some pretty telling stats there....long term volume in clear decline and long term values in clear decline...it looks like a market bubble burst except in illiquid slow motion.
~
 

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its ok, Dave doesnt think theres anything to worry about

‘‘We think there’s more to the stability of the housing sector ... than is suggested in the Economist’s analysis,’’ he said.

Read more: http://www.theage.com.au/business/p...e-economist-20111125-1nyvv.html#ixzz1enL9WUAZ

and yes explod, couldnt agree more. i have been trying to explain to those much older than myself NOT to be buying investment properties. of course no one takes me seriously, both of them have just bought rentals worth 400k+(within the last week).
their argument is "as long as we buy and hold for 20 years it'll be ok anyway" which might be the case, but draws into question job security, and not to mention the fact that if you wait 12 months u may pick up the same house for 100k+cheaper, multiplying returns over 20 years by a hell of alot.

they brushed it off. but then again maybe im wrong and the spruikers are right
 
MACCA350 said:
Last weekends amended clearance rate is 50%

This weekends pre-amended clearance rate is 53%

Cheers
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Apparently it is not mandatory for real estate agents to report their clearance rates.
Therefore it stands to reason the only ones giving their stats are the ones that are actually selling some properties.
The ones that don't sell any, just don't ring in their stats.
So it goes without saying clearance rates are far worse than what is reported.
 
Mr Z said:
Yes, that is my understanding. Clearance rates are unreliable numbers now things are turning south.
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But they clear show things are heading down down, prices are down and/or lack of demand.

If the clearance rate is 50% then I will assume it is actually less than 40%.

If the clearance rate is 70% then I will assume it is actually 65%

If the clearance rate is 85% then I will assume it is actually 85%.

Given the it is voluntary to provide the auction results would you if you where a realestate company and are not selling anything at auction. I wouldn't.

The easiest way to determine what is happening is to attend the auctions themselves and make up your own mind.

Cheers
 
Sure.... but any way you turn it, it is all "wet finger in the air" stuff and not really a stat that is worthy of note. Suffice to say it is looking worse than it did this time last year.
 
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