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I can't see a problem with housing in brisbane.
what exactly do you think is the problem with housing,
and the flood waters receded ages ago..
So do you think that the flood is the cause of the current housing problem in Brisbane?
I can't see a problem with housing in brisbane.
what exactly do you think is the problem with housing,
Apart from the price decrease last year, not much actually..
i may be crazy, but wouldnt substantially LESS AVAILABLE HOUSES due to flooding at the time cause prices to go up? unless of course the floods deterred more people from buying than those that were forced to vacate, whether it be permanently or temporarily. after all it comes down to good ol' supply and demand. i cant imagine a flood that only affected certain areas wold discourage people from purchasing in areas that not only weren't affected, but would never even come close to experiencing flood waters anyway?
in theory if people decided they werent going to buy in flood areas this should increase values of property outside of these areas, once again supply and demand.
prices are falling due to demographics and a deflating debt bubble. oversupply, lack of demand.
i may be crazy, but wouldnt substantially LESS AVAILABLE HOUSES due to flooding at the time cause prices to go up? unless of course the floods deterred more people from buying than those that were forced to vacate, whether it be permanently or temporarily. after all it comes down to good ol' supply and demand. i cant imagine a flood that only affected certain areas wold discourage people from purchasing in areas that not only weren't affected, but would never even come close to experiencing flood waters anyway?
in theory if people decided they werent going to buy in flood areas this should increase values of property outside of these areas, once again supply and demand.
prices are falling due to demographics and a deflating debt bubble. oversupply, lack of demand.
Apart from the price decrease last year, not much actually..
When things go pear shape people move in with rellies , parents or put C.van in the back yard, just like did in the 80's
True, and those empty McMansions could be rented out to three single mother families who would have plenty of room for them and their kids plus have the social advantages of helping each other out in lieu of extended family.
I'm sure we would have lots of empty houses if times got bad, rents dropped and people moved in with each other. Needs high unemployment though and I can't see that occurring at this time but who knows?
Needs high unemployment though and I can't see that occurring at this time but who knows?
Something like this?
Even though we should see the Roy morgan stats flow through to the ABS set, I still don't think that level of unemployment would cause any real issues in the price of housing in Australia...
That's not to say that they'll go up, just that I dont think it will have a major impact.
Aren't cheaper prices a good thing,
Doesn't seem like a problem to me
John Edwards, from Residex, was on Sky Business this week he said the clearance rates in Sydney and Melbourne are in the mid to low 40's.
He was also fairly disparaging about APM's methodology for measuring house supply; there's a lot of duplication when the market stagnates.
nor i
61% clearance rate today in melbourne
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