The future of Australian property prices

[nunthewiser]

The canary in the coal mine for residential real estste in Australia I suspect will be the sunny Pilbara coastal towns in WA's northwest.

http://www.rs.realestate.com.au/cgi-bin/rsearch?a=sp&s=wa&u=port+hedland

Is that a double top on the unit chart ?

Mate of mine currently working up there , his employer could not find him ANY accomodation he reckons so bought a caravan for my mate to tow up and use for his stint!Just being a cheapskate? or is accomodation really that tight at the mo?

 

[drsmith]

Is that a double top on the unit chart ?

Hold your breath when you check the annual graph. The air is very thin in the stratosphere.

Mate of mine currently working up there , his employer could not find him ANY accomodation he reckons so bought a caravan for my mate to tow up and use for his stint!Just being a cheapskate? or is accomodation really that tight at the mo?

Rents (fuelled by the commodities boom) up there are astronomical.

 

[BigAl]

Where For Art Thou Robots Insightful <cough> rubbish <cough> comments regarding Clearance Rates?

Are the crickets chirping?

You are welcome to send your skid marked undies, care of of Kevin Dudd, if you fail to find an escape clause at the bank on your latest IP a few weeks back.

Sunshine & Lollipops to those that realised the madness of this market.

No sympathy for those are highly debt dependant and got greedy on the housing market.

Have a Good Brothers

Regards
Professor Reality

 

[cutz]

Take it easy BigAl,

Many have been caught up in the debt trap / instrument of financial destruction through no fault of their own.

 

[Mofra]

Suddenly gone quiet in here - trying to drum up some enthusiasm ? Lonely at the top robots?

Exchange rates taking a tumble, makes for more expensive imports = more lowering of standard of living for the mortgage slaves?

The top is in....and passed?

I would expect stangantion / a fall in real terms until at least the end of the year. Rising interest rates vs falling clearance rates are a no-brainer.
If the economy starts to struggle again (and it looks like a distinct possibility) we at least have interest rate falls to look forward to.

I seriously doubt a pullback is unhealthy for long term prices though - a period of consolidation will be quite healthy in the greater scheme of prices.

 

[trainspotter]

Where For Art Thou Robots Insightful <cough> rubbish <cough> comments regarding Clearance Rates?

Are the crickets chirping?

You are welcome to send your skid marked undies, care of of Kevin Dudd, if you fail to find an escape clause at the bank on your latest IP a few weeks back.

Sunshine & Lollipops to those that realised the madness of this market.

No sympathy for those are highly debt dependant and got greedy on the housing market.

Have a Good Brothers

Regards
Professor Reality

You don't say much do you Big Al? But when you do it is worth reading for comedy purposes only. Real estate slowing in sales does not mean values are plummeting? I believe most of the <cough> rubbish <cough> comments are direct from RP DATA. Surely they are not fudging statistics?

If you read robots post you will see even with the purchase of the second IP he is not in any danger of defaulting or clawback from bank due to massive equity in first property.

Oh well ...... each to their own I guess. Glad I dumped ALL my stock quite a while back and put the lot into property. GOSH ! Look at that lead sled Goooooooooooooooooo !

 

[BigAl]

You don't say much do you Big Al? But when you do it is worth reading for comedy purposes only. Real estate slowing in sales does not mean values are plummeting? I believe most of the <cough> rubbish <cough> comments are direct from RP DATA. Surely they are not fudging statistics?

If you read robots post you will see even with the purchase of the second IP he is not in any danger of defaulting or clawback from bank due to massive equity in first property.

Oh well ...... each to their own I guess. Glad I dumped ALL my stock quite a while back and put the lot into property. GOSH ! Look at that lead sled Goooooooooooooooooo !

But But But

House prices always go up, never stagnate, never tread water, never a correction, always on the up and up towards sunshine & lollipops for my fellow gay freinds.

But But But, this time its different.


Edit: Just helping my Fellow ASF'rs. Wouldn't like anyone get to get caught holding the hot potato when the giant Ponzi scheme falls apart at the seams.

 

[trainspotter]

But But But

House prices always go up, never stagnate, never tread water, never a correction, always on the up and up towards sunshine & lollipops for my fellow gay freinds.

But But But, this time its different.

Hahahahaaa .... we will see when the prices start dropping (if they do?) ....... until then property is looking OK at the moment. Naughty Mr. Property Bubble might just be in the closet with his gay mates but is not making his presence felt just yet. Definitely there has been a retreat in the activity of sales and FHO have disappeared quicker than a chocolate cake at a Weight Watchers convention but it still leaves room for investors to buy buy buy as people will have to rent rent rent cause they can't afford to buy their own home. Nirvana awaits the property gurus. Just give it time.

 

[MR.]

Many have been caught up in the debt trap / instrument of financial destruction through no fault of their own.

Sad and true...

If the economy starts to struggle again (and it looks like a distinct possibility) we at least have interest rate falls to look forward to.

Yes as it appears, we are the lucky country for the greedy property investor!

ps: Hello all (and from the revived threads) cloudy day... anyone for the yen?

 

[kincella]

I am expecting another rush to the exit door from the stock market/cum gambling den......and a quiet entry into the property market....
it happens everytime....
but the GFC mark2 is even worse than the last one....what with the great big resources tax to scare off any investor, company....and the European debt crisis...
hmmm, the warm fuzzy feeling of bricks and mortar....to soothe the
head aches from the gamblers den

and am looking forward to the drop in interest rates....back down to 5% lending rates, at this rate
pity those with money tied up in the retail superfunds....with the kids at the wheel, managing your future , with the emphasis on the gambling den

 

[cutz]

stock market/cum gambling den......and a quiet entry into the property market....

LOL,

Far from it mate,

Tell me something, how do you hedge an IP geared to 60%/70%/80%/100% ?

Makes me cringe when a property guru assumes the market is akin to a gambling den.

 

[robots]

hello,

yes spot on Kincella, those with the dough will clear out of the ASX for a long time

thats why I am soooooo glad i dont have to have my wage/earnings go into a Superfund, most have failed there customers miserably,

18,000 licensed financial advisors yet not one of them could claim the property run, dont buy direct property bang it in a fund, hahahahahaha

oh yeah, ASX up over pre GFC levels? sorry sorry sorry i know no-one who owns property on the forbes richlist

thankyou
robots

 

[kincella]

yes Robots....the other posters dont get it either....charts I saw earlier this year show the average debt on housing is below 30% of the value, on average it was 20%....so its 70-80% equity....or an asset for those who dont understand

but then maybe some posters still think equity is debt....like another poster on another forum...he thought equity was bad for you....he had it mixed up

so why do they go on about over 70% in debt.....they should state the new fhb's can expect that much debt in the first few years...
but the rest of us, have only 20% debt on average.....which is excellent
and the kids will eventually catch up

 

[robots]

hello,

yes, could be another round of "get out of debt" "get out of debt"

remember S.Keen, get out of debt, sell your house/unit, yet at the same time he was forecasting Interest Rates to go to 1%

just fabulous Big Al, great day man

thankyou
professor robots

 

[UBIQUITOUS]

A friend of a friend knows Enzo quite well. Anyway, to cut a long story short, the final draft of tomorrow's REIV clearance rate report states that the rate will be down to 73%.

You heard it here first.

 

[robots]

hello,

good to hear from Ubiquitous, big week

yep, you got us man the clearance rate down, we are finished, gone, hell we might even drop back to the median prior to the GFC

do you think you can post something regarding wealth creation from anyone?

must close to changing the signature Ubiquitous, "promises of safety of principle"

thankyou
robots

 

[drsmith]

Robots,

Have you considered purchasing an investment property in Port Hedland ?

 

[robots]

hello,

no,

good joint?

thankyou
robots

 

[explod]

hello,

do you think you can post something regarding wealth creation from anyone?

thankyou
robots

Plenty on ASF post up opportunities better than property and they have been quoted to you but recieve silence.

Your content is just a yeeee haaaa without substance on which to approach wealth creation. I have deliberately stayed away from this thread for good reasons of the past with you Robots but sometimes I cannot resist.

You still have not responded to our agreement to get together for a coffee down here at Mount Martha Villiage sometime.

How bout some substance ole Pal

 

[robots]

hello,

what you mean, my posts are full of substance, show me one thats not

yes, sorry back in Mornington next week so it will be on man, new cafe at the village isnt there

thankyou
robots