Why? Because basic housing shouldn't be an speculative investment to make money off while ever people go homeless or pay exorbitant rents.
What does it have to do with gold, unless people make houses out gold?
....... lot's of Mummy and Daddy investors will get burned. No sacrifice here ... when it drops there will be people crying from balconies of tears.
BOO HOO>
OO --)O0o
I can just imagine it...........Tony Abbot getting blamed by these very same investors for not 'protecting' them from the bubble burst - lot's of um's and uh's in his usual staccato way?
I think the Chinese fall-out will be positive initially then the jettisoning of IP's owned by Chinese will begin in earnest?
TOP 10 SUBURBS
FOR SELLING BELOW ASKING PRICE.
Units
Cottesloe -10.2%
Spearwood -8.1%
Doubleview -8.0%
And So On
Just wondering what sort of areas those are? Rich? Poor?
Anything undesirable happened recently or being planned which may make them less attractive?
Or is it just plain old supply and demand pushing prices down?
Getting tales of woe from my upmarket Brissy western burbs (moggill
, bellbowrie, anstead res rural) clients.
Realised prices going down the chit chute.
The high end stuff is always the most volatile. It falls back to reality with the middle market whilst the bottom end climbs to be out of the reach of the FHB.
The lists were: the top 10 suburbs for selling below asking price, units then houses. The next list was the top 10 bargain suburbs.
They listed the suburbs and their respective % falls. the biggest falls were in the expensive suburbs and they filled the top 5 in both lists.
The next 5 were fairly normal 'middle class suburbs.
The percentages ranged from a high of 22% to the lowest 6%.
If someone is really interested, I could copy out the whole list, but as a one finger typist I'm not really that keen.
A scanned copy would be appreciated if you have a scanner.
Getting tales of woe from my upmarket Brissy western burbs (moggill
, bellbowrie, anstead res rural) clients.
Realised prices going down the chit chute.
in Brisbane, Canoz, do not buy on auction, and for a mid 600, why would you get a townhouse when you can have land and standalone house ;think chapel hill, everton parkWayne, I'm in Brisbane now and looking....mid 600 town houses are only lasting a week on the market...auction clearance rates on the high side for qld....
What suburb you in?
in Brisbane, Canoz, do not buy on auction, and for a mid 600, why would you get a townhouse when you can have land and standalone house ;think chapel hill, everton park
short cycle ride to cbd or 10min train
Qldfrog in Brisbane (living rural acreage north west brisbane)
you can get decent house on 2.5 acres in a nice part of brisbane (where I live) for asking price 700/750 k
so a townhouse for 600+?
Wayne, I'm in Brisbane now and looking....mid 600 town houses are only lasting a week on the market...auction clearance rates on the high side for qld....
What suburb you in?
Fro memory you were pretty spot on, with your prediction a long time back, that property would fall on its ar$e mid 2015.
Im in Anstead.on acreage.
Nice spot... feels rural but only 24 clicks to cbd, 15 min to Westfield Indro.
No bogans either.
Was in Brizvegas a few weeks ago burying the old man (QLD frog take note) and was in Fortitude Valley. Across the road from the Wickham is a proposed town house project that caught my eye. Did note starting price was $385,000 for a single bed sit on lower floor levels. Also noted inner city apartments were on the rise with other developments around it also targeting this market. Had a beer or 2 at the Wickham ... interesting wall art in the lounge bar ... has an appeal if you are that way inclined.
Keep your powder dry on these inner city investments as banks retract
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