Thanks for asking, Value Collector. I'm most interested in the residential sales ratio of owner-occupiers v. investors, with investors broken down to overseas and domestic. I found figures on borrowing, but would like to learn more based on sales amounts and number of units. Capital cities only would be great, or overall national figures. Household formation rates would also be good, but I'll admit I haven't dug around for those on my own yet.
The future of Australian property prices
- Thread starter Joe Blow
- Start date
Thanks for asking, Value Collector. I'm most interested in the residential sales ratio of owner-occupiers v. investors, with investors broken down to overseas and domestic. I found figures on borrowing, but would like to learn more based on sales amounts and number of units. Capital cities only would be great, or overall national figures. Household formation rates would also be good, but I'll admit I haven't dug around for those on my own yet.
First Home Buyer you buy to live in, first time buyer mostly likely investor or someone who buy them initially not to live in but to rent out and get a foot in the market.
Not much different but cash flow wise it probably is, home buyer end up paying the mortgage which cap
at what price they can afford, first home buyer could be living at home with mum and dad and can bid a bit more
as they got rent money coming in without paying too much out going so their cash flow is a bit better.
if you competing a property with someone like that they probably can outbid you if they want the place bad enough.
I cant see any of this information useful for property investment.
property investment is all about if the number stack up, the location of the property, the infrastructure surrounding it and surrounding population.
- Joined
- 2 June 2011
- Posts
- 5,341
- Reactions
- 242
Yes, I thought it was pretty funny the way they were carrying on. If you're paying $1m for a house you're not going to say "sorry, deal's off" over $5k.
I don't think the $5k will make anyone blink but the prospect of 25% of the value of the home as a civil penalty and forced sale might.
Quincy
Jack of all trades master of 0
- Joined
- 28 June 2008
- Posts
- 173
- Reactions
- 0
Instead of the purchase price going $250,000 over the reserve, it will now probably only go $240,000 over.
- Joined
- 10 December 2012
- Posts
- 3,632
- Reactions
- 9
worth 10 minutes to listen to.
Last edited by a moderator:
- Joined
- 6 January 2009
- Posts
- 2,300
- Reactions
- 1,130
Sydboy, nothing to see or hear in that interview. It is all sunshine and lollipops, as a great man once said.
Was out on the weekend, attended an auction in Elwood, Victoria. 2 bedroom apartment, 103m2, sold for just under $800K, sounds fair, what could go wrong. Well that seems to be the consensus in the crowd. Same apartment would rent for
approx $530 pw, or approx 3.4% gross returns. Not bad given what you will get with a term deposit in the banks. Property is still showing better yields than other investments and bricks and mortar are safe. lol
I personally think property market will go 10-15% in Melbourne and Sydney before we see a correction of any sorts.
This bear prefers to smell the roses while they are in bloom.
Last edited by a moderator:
The moral to the story is that Robots was right.
- Joined
- 8 June 2008
- Posts
- 13,007
- Reactions
- 19,107
just to be very sure it is irony is it
cause 3.4 gross minus costs:Body corp, rates, etc etc etc
you loose on inflation every year and you'd better be sure to have a few 10% + years to cover you stamp duties and agent fees
Bill M
Self Funded Retiree
- Joined
- 4 January 2008
- Posts
- 2,132
- Reactions
- 740
Hi qldfrog and all other Queenslanders. Could you please state your opinion on the Gold Coast residential housing market? I mean houses only, (no units) and 1km walk to schools, shops and the beach. Is it still hot or has it cooled off a bit?
What is your opinions on this very specific market?
What is your opinions on this very specific market?
- Joined
- 8 June 2008
- Posts
- 13,007
- Reactions
- 19,107
Sorry, did not look at all at gold coast but wondering about sunshine coast.
Qld is still a very sick economy but tourism might start again with lower dollar etc, and that could help both gold coast/sunshine.Could still take a while to see a reversal(economy wise)
Yet not very optimist on a full size house on the GC;
who would rent/buy it? With what jobs to pay rent/morgage?
Hi All
Some interesting posts, mostly less personal which is good.
A question for the stats monkeys out there (or at least those than remember high school maths); Sept quarter Housing NSW report shows the Sydney median residential property price was unchanged, while the ABS result show a 2.7% increase in average prices. Is such a difference in median and average reasonable? Is the most likely cause a small number of incredibly high value properties?
Links
www.housing.nsw.gov.au/About+Us/Reports+Plans+and+Papers/Rent+and+Sales+Reports/Latest+Issue/
www.abs.gov.au/AUSSTATS/abs@.nsf/al...30C59F82E328A064CA257DE7000F1EF5?opendocument
Some interesting posts, mostly less personal which is good.
A question for the stats monkeys out there (or at least those than remember high school maths); Sept quarter Housing NSW report shows the Sydney median residential property price was unchanged, while the ABS result show a 2.7% increase in average prices. Is such a difference in median and average reasonable? Is the most likely cause a small number of incredibly high value properties?
Links
www.housing.nsw.gov.au/About+Us/Reports+Plans+and+Papers/Rent+and+Sales+Reports/Latest+Issue/
www.abs.gov.au/AUSSTATS/abs@.nsf/al...30C59F82E328A064CA257DE7000F1EF5?opendocument
Quincy
Jack of all trades master of 0
- Joined
- 28 June 2008
- Posts
- 173
- Reactions
- 0
It seems that the measures promised in a Press Release of 24 April, 2010 by Assistant Treasurer for the Rudd Government at the time (Nick Sherry) were never implemented.
http://ministers.treasury.gov.au/Di...0/074.htm&pageID=003&min=njsa&Year=&DocType=0
http://www.afr.com/p/national/hockey_orders_sale_breach_point_4vfndyC0uTrYvcShhGyu8M
http://ministers.treasury.gov.au/Di...0/074.htm&pageID=003&min=njsa&Year=&DocType=0
http://www.afr.com/p/national/hockey_orders_sale_breach_point_4vfndyC0uTrYvcShhGyu8M
- Joined
- 3 July 2009
- Posts
- 27,505
- Reactions
- 24,330
Housing is the only sector providing employment, manufacturing, borrowings, state taxes and public housing.
Why would the Government want it to fall over?
People may want it to fall over from a personal perspective, but it is the last thing a Government with a contracting economy would want.
CanOz
Home runs feel good, but base hits pay bills!
- Joined
- 11 July 2006
- Posts
- 11,543
- Reactions
- 519
We're also looking at houses in brissy or sunshine Coast...looks like the coast is better value...this would be a ppor...
- Joined
- 6 January 2009
- Posts
- 2,300
- Reactions
- 1,130
Because it is unsustainable. The debt just keeps rising, bring forward future demand and productivity.
How the govnuts try thinking outside the square and we become a nation of innovators, embracing new business and technologies which can in future pay for the housing.
If housing is the only sector that is providing, how do people pay for the houses if they don't have jobs.
It is just to easy for the govnuts to float the boat with housing while the rest of the economy sinks.
What is their plan B?
- Joined
- 8 June 2008
- Posts
- 13,007
- Reactions
- 19,107
PPOR is different; I consider a house a home and then feelings, personal conform etc matter most
And if I really find a place i like why would I ever think of selling....so who cares about capital gain
but I am not 20 anymore and have set my priorities past $ so..
All the best in your searches
