The future of Australian property prices

[im sparticus]

I can see it as plain as the agents can, people arent buying and/or aren't prepared to pay like this time last year.

Hope the prices stay down in vic until im ready to purchase in a year or two this is not qld or nsw reality though.

 

[im sparticus]

Houses arnt Cheap in the US - they are fair market value - its just ours are still over the top expensive making theirs seem cheap.

I believe property tax in US varies considerably from state to state - im sure if what you suggest is true it would be easy to find out and one would take that into consideration with an offer - a couple extra k is chicken feed to in comparison to our market though hey ?

just because a big mac or whatever is cheaper in the usa does not mean its price is due to fall is Oz

 

[village idiot]

And even if they don't the rental yields in many places are double what they are in Australia. No true investor would ever touch Australia with a 10 foot pole, with our chronic oversupply of housing.

The same cannot be said about commercial property. I have just been doing a quick tour of property yields available in UK, USA and AUS. I was thinking there might be some good yields available os with recovery potential but not so...

the table below list the dividend yields available by investing via ETFs, an then via the top few underlying holdings;

USA
ETF ICF 2.80%
ETF VNQ 3.00%
ETF IUSP 2.77%

HOLDING SPG 2.70%
HOLDING PSA 3.30%
HOLDING EQR 2.20%

UK
ETF IUKP 3.27%

HOLDING LAND 3.10%
HOLDING BLND 5.20%

AUSTRALIA
ETF VAP 6.30%
ETF SLF 6.40%

HOLDING WDC 5.50%
HOLDING WRT 7.04%
HOLDING SGP 7.50%
HOLDING GPT 5.76%

 

[numbercruncher]

Hope the prices stay down in vic until im ready to purchase in a year or two this is not qld or nsw reality though.

You already own property all over the country so you were telling us - wouldnt you just use yah equity mate and snap up all these bargains ?

 

[Ves]

Houses arnt Cheap in the US - they are fair market value - its just ours are still over the top expensive making theirs seem cheap.

Have a look at the quotation marks before you lecture me. Cheers.

 

[medicowallet]

Just one thing, if house builds are declining, would that not limit supply thus stabilising prices, if demand is constant?

The extra unemployment generated by a failing housing industry and the flow on effect of it would help negate this stabilisation.

 

[numbercruncher]

Have a look at the quotation marks before you lecture me. Cheers.

Maybe you should just add a caveat to your posts that you dont want anyone to reply because you have the sensitive gene. Cheers.

 

[Ves]

Maybe you should just add a caveat to your posts that you dont want anyone to reply because you have the sensitive gene. Cheers.

Maybe you just shouldn't post because you have no reading comprehension? Just IMO of course. Any way, enjoy trolling property threads in your free time.

 

[im sparticus]

You already own property all over the country so you were telling us - wouldnt you just use yah equity mate and snap up all these bargains ?

probably thats how its been panning out so far...... the only places i have alluded to have been sydney and brisbane btw but your welcome to twist the truth to support your agenda, melbourne and perth are next. my plan is to hop around checking out the countryside renovating at least one place while im there taking advantage of the ppor cgt and stampduty exemptions before moving on and turning it into an ip once the next purchase is in place. undecided about adeilade and definatly not interested in darwin.

 

[numbercruncher]

probably thats how its been panning out so far...... the only places i have alluded to have been sydney and brisbane btw but your welcome to twist the truth to support your agenda, melbourne and perth are next. my plan is to hop around checking out the countryside renovating at least one place while im there taking advantage of the ppor cgt and stampduty exemptions before moving on and turning it into an ip once the next purchase is in place. undecided about adeilade and definatly not interested in darwin.

Glad we cleared that up -

So your saying that on current prices you are bullish on Victoria ..... What Makes you think Vicis good buying ?

 

[Starcraftmazter]

Maybe he hasn't lost enough money.




Oh how I wish you could short property.

 

[Ves]

Oh how I wish you could short property.

You'd have made more money shorting gold last month. Just sayin'.

 

[im sparticus]

Glad we cleared that up -

So your saying that on current prices you are bullish on Victoria ..... What Makes you think Vicis good buying ?

ive always liked fading breakouts especially when its to the downside of prime aussie ressi

 

[CanOz]

Maybe he hasn't lost enough money.




Oh how I wish you could short property.

Pretty sure you can mate... IFAS - Asian Property ETF.

CanOz

 

[im sparticus]

You'd have made more money shorting gold last month. Just sayin'.

hes long gold currently getting hosed scm why dont you just open up a cfd account and start shorty property etf's? theres plenty of them.

 

[DB008]

I saw Ves's quote and had to unquote SCM.

Oh how I wish you could short property.

Um, you can. Why not short some R.E. ETF's or something? There are plenty out there. How about some long dated put options/warrants if they are available?

(Edit; S&P/ASX 200 A-REIT Index Futures
S&P/ASX 200 A-REIT Index Futures (also known as Mini Property Futures or XPJ Index Futures) began trading in 2002 and are now widely traded by fund managers.)

 

[Starcraftmazter]

Pretty sure you can mate... IFAS - Asian Property ETF.

CanOz

I don't see Melbourne on there. In fact, I don't even see Australia!

 

[Ves]

Plenty of REITS and other listed real estate developers and mortgage brokers. And major banks. The list of related shortable securities goes on, actually.

 

[im sparticus]

I saw Ves's quote and had to unquote SCM.



Um, you can. Why not short some R.E. ETF's or something? There are plenty out there. How about some long dated put options/warrants if they are available?

(Edit; S&P/ASX 200 A-REIT Index Futures
S&P/ASX 200 A-REIT Index Futures (also known as Mini Property Futures or XPJ Index Futures) began trading in 2002 and are now widely traded by fund managers.)

yeah but the brokers wont accept his bullion as margin lol

 

[Starcraftmazter]

Plenty of REITS and other listed real estate developers and mortgage brokers. And major banks. The list of related shortable securities goes on, actually.

Call me once there's a security which tracks RP Data's House Price index for Melbourne.