The future of Australian property prices

[Humid]

So in 12 years the block went backwards $400k ......tell me more

What area?

 

[Humid]

Well if you want I will PM you where it is and you can buy it, my mate was happy with the money he got. losing $20k on a car over 9 years isn't bad IMO.
When the new speed limiting rules come in, it will be worth Jack $hit IMO.

Why cant you just post it here

 

[Humid]

Why cant you just post it here

I imagine its a G6e

 

[sptrawler]

Why cant you just post it here

Why would I do that? I have no right to disclose someone's personal information on a public forum, that is just weird.
I was just giving real life examples, of how the market for everything changes, depending on the social and economic dynamics that are prevalent at the time.
By the way, your post are becoming weird, have you been busted? ?

 

[sptrawler]

So in 12 years the block went backwards $400k ......tell me more

The block went backwards more than that, four years ago it would have probably gone for nearer $600k, it has only been in the last 8 months that $800k would be gettable.

 

[sptrawler]

So in 12 years the block went backwards $400k ......tell me more

By the way, you shouldn't look at it as going backwards $400k that isn't relative, it went backwards 30% from its peak.
It actually nearly went back 50% from the 2009 boom and has recovered to 70% of its peak, if you want to look at it from an investment perspective.
Another way of looking at it, which probably fits better with you would be, if he hadn't sold it he probably would have had to keep working to 65( lucky he is old, or it would have been 67) and then would have had to sell it at about $700k because he wouldn't have qualified for a pension under the assets test. YEH

 

[Humid]

Why would I do that? I have no right to disclose someone's personal information on a public forum, that is just weird.
I was just giving real life examples, of how the market for everything changes, depending on the social and economic dynamics that are prevalent at the time.
By the way, your post are becoming weird, have you been busted? ?

Yeah real life examples with no real life examples

 

[Humid]

Yeah real life examples with no real life examples

So where was this fictitious block of land is it near the fictitious car yard or is it the same block of land and he sold it to the dealership?

 

[sptrawler]

Yeah real life examples with no real life examples

Again that is weird, do you want people to put up names and addresses, I have a lot of mates that socialise together.
If I put up the car the price he received for it and the area he lives in, how would that look? Get a grip sunshine, you don't know who is reading the forum and who can identify who you are talking about.
Maybe facebook is a better fit for your trolling, or you IQ, or both. ?
You certainly haven't added much to an investment forum, other than childish one liners, that would generally fit better on the donga toilet block. But hey whatever rows your boat, I've battled wits, with unarmed people before.

 

[Beaches]

Since moving back to WA we got lucky to be able to rent an ideal property for a year, (at vast expense mind you).

I always thought that property may cool a bit but have been increasingly nervous that that I might have been wrong. We have a few things coming to fruition later this year so we are buying a property come what may... Have done sufficiently well in other stuff to compensate anyway.

But... I think starting to change? Easter cantillon effect starting to come to an end? Are people slowly starting to realise that this is insane?

Whadaya think?

I learnt many cycles ago never to buy WA property in the middle of a mining boom.

There is a 30 year history of WA property prices following the mining cycles.
Cycles always turn

 

[Humid]

Again that is weird, do you want people to put up names and addresses, I have a lot of mates that socialise together.
If I put up the car the price he received for it and the area he lives in, how would that look? Get a grip sunshine, you don't know who is reading the forum and who can identify who you are talking about.
Maybe facebook is a better fit for your trolling, or you IQ, or both. ?
You certainly haven't added much to an investment forum, other than childish one liners, that would generally fit better on the donga toilet block.

If it was where he lived it wouldnt effect his pension so just keep the B/S going its gold

 

[Humid]

I learnt many cycles ago never to buy WA property in the middle of a mining boom.

There is a 30 year history of WA property prices following the mining cycles.
Cycles always turn

I learnt many cycles ago not to believe stuff on forums

 

[sptrawler]

If it was where he lived it wouldnt effect his pension so just keep the B/S going its gold

Well you obviously aren't single and live in W.A, but I did say you were a kiwi, a long time back.

By the way numb nuts, if it was where he lived, it wouldn't have been a block of land, it would have been a house and land. ?

 

[Humid]

Well you obviously aren't single and live in W.A, but I did say you were a kiwi, a long time back.

By the way numb nuts, if it was where he lived, it wouldn't have been a block of land, it would have been a house and land. ?

Do you have anymore bedtime stories

 

[Humid]

Again that is weird, do you want people to put up names and addresses, I have a lot of mates that socialise together.
If I put up the car the price he received for it and the area he lives in, how would that look? Get a grip sunshine, you don't know who is reading the forum and who can identify who you are talking about.
Maybe facebook is a better fit for your trolling, or you IQ, or both. ?
You certainly haven't added much to an investment forum, other than childish one liners, that would generally fit better on the donga toilet block. But hey whatever rows your boat, I've battled wits, with unarmed people before.

Well its not his address then is it if its a block of land dick head

 

[sptrawler]

Do you have anymore bedtime stories

If I do, I would suggest you get one of your kids to read it to you, you obviously have trouble understanding common sense. ?

 

[sptrawler]

Well its not his address then is it if its a block of land dick head

Try punctuation, or remedial English. ?
I never said he lived there, I said he came to work and said someone had offered him $1.2m for his block of land, he bought it as an investment for $200k. ?

 

[Humid]

Try punctuation, or remedial English. ?
I never said he lived there, I said he came to work and said someone had offered him $1.2m for his block of land, he bought it as an investment for $200k. ?

And you feared his identity would be revealed by knowing the area you moron.....but the truth is you made the lot up to to make yourself relevant to your fictitous internet friends.
Anyway I must get up early to pay some tax to provide for the boomers medical bills

 

[sptrawler]

And you feared his identity would be revealed by knowing the area you moron.....but the truth is you made the lot up to to make yourself relevant to your fictitous internet friends.
Anyway I must get up early to pay some tax to provide for the boomers medical bills

Sounds to me like the more sleep you get the better, if you are the same at home as you are on the forum, the family will welcome the break. ?
By the way if I wanted an internet friend, I would be like you and add nothing but rubbish, which would attract all the other muppets of the same ilk.
By the way his identity would be known if someone from the area is on the forum, the real estate agents still talk about it and he still lives in the same area and it isn't a suburb. ?

 

[Country Lad]

Since moving back to WA we got lucky to be able to rent an ideal property for a year, (at vast expense mind you).

I always thought that property may cool a bit but have been increasingly nervous that that I might have been wrong. We have a few things coming to fruition later this year so we are buying a property come what may... Have done sufficiently well in other stuff to compensate anyway.

But... I think starting to change? Easter cantillon effect starting to come to an end? Are people slowly starting to realise that this is insane?

Whadaya think?

Up till recently, it was thought that the increasing property prices were driven by migration. Now we have no migration but significantly increasing prices. It seems obvious that the catalyst is now only the low interest rates in general and in the regional areas a mix of interest rates and demand from people exiting the capital cities.
So the question will remain, what happens to property prices when interest rates start slowly moving up in two to three years or so with low migration?