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The future of Australian property prices

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If there are other bidders,--and bidding is above the reserve ---- it is said to be on the market,

Big difference.
Prior to hitting reserve it is not "on the market" regardless of number of bidders.
 
tech/a said:
If there are other bidders,--and bidding is above the reserve ---- it is said to be on the market,

Big difference.
Prior to hitting reserve it is not "on the market" regardless of number of bidders.
Click to expand...


We are splitting hairs now, but below the reserve is as you say, if bids are not meeting reserve the Auctioneer will consult vendor and can then announce property is for sale on vendors agreement. This will usually create the situation where the sale will ultimately meet reserve anyway. Anyway that's Victoria, only ever owned one place interstate and that was QLD

My purpose earlier today was to the question of a buyer and the answer was to give the options on not being, or appearing to be, too keen.
 
hello,

sorry brothers, will get some answers up for the questions soon

tuesday a busy day with tennis of an evening, thanks for understanding

thankyou
professor robots
 
Is anyone here still buying property?

I've got my hands on some equity and I'm wondering if I should buy 1 more property with it or if I should take advantage of the difficult times and buy shares instead
 
billv said:
Is anyone here still buying property?

I've got my hands on some equity and I'm wondering if I should buy 1 more property with it or if I should take advantage of the difficult times and buy shares instead
Click to expand...

See the post above yours...robots will tell you all you need to know about property investment...apparently investor of the year, 6 years in a row.
 
billv said:
Is anyone here still buying property?

I've got my hands on some equity and I'm wondering if I should buy 1 more property with it or if I should take advantage of the difficult times and buy shares instead
Click to expand...

There is the option to keep it in cash and see what happens. I guess it depends on your risk profile and what kind of returns you are after. That requires planning, and often professional advice, which is unlikely to come from a public forum.

There is no knowing what is going to happen at the moment, with greece, korea, Labor government. Things could be very interesting until these settle down and the liberals win government.
 
medicowallet said:
Things could be very interesting until these settle down and the liberals win government.
Click to expand...

LOL so we have to wait at least 5 years for the Liberals to win before things settle down...so we should all just lock away our money in a TD for 5 years at what 7%...great strategy.
 
So_Cynical said:
LOL so we have to wait at least 5 years for the Liberals to win before things settle down...so we should all just lock away our money in a TD for 5 years at what 7%...great strategy.
Click to expand...

I can't recall saying to lock money into a term deposit.

I was saying that some may find now, not a great time to purchase anything. Shares, in particular mining, will be easier to understand after the election, no matter who wins, however I admit some may be purchasing in the hope that the liberals get up.

And who knows, with a potential GFC2 upon us, amid a housing bubble and volatility in shares, 7% guaranteed for the 5 years may not be too bad. Not that I would be locking my money away if it was in cash, as it limits the opportunity to pick up bargains.
 
So_Cynical said:
LOL so we have to wait at least 5 years for the Liberals to win before things settle down...so we should all just lock away our money in a TD for 5 years at what 7%...great strategy.
Click to expand...

Well according to our government anything above 6% is a super profit
 
billv said:
Is anyone here still buying property?

I've got my hands on some equity and I'm wondering if I should buy 1 more property with it or if I should take advantage of the difficult times and buy shares instead
Click to expand...

Yes Bill. I am buying. Right in the middle of the Perth CBD. Planning to live there for 6 years. Just waiting on finance.
I know there is a lot of talk about bubbles, but personally I like bricks and mortar, historically been reasonably safe but appreciate that there are no guarantees.
 
Thanks guys
A term deposit is not an option as I'll be borrowing the money at 7%.
Property is an option as a long term buy and hold investment but I was thinking of shares in case I could double the money in the short term.

Lbocker,
Good idea, buying a PPOR is usually the best investment we ever make because it is capital gains tax free.
 
RBA : No housing bubble in Australia

18th May 2010 - Luci Ellis, Head of Financial Stability Department for the Reserve Bank of Australia today said “Recent data suggest that we do not have a credit-fuelled speculative boom on our hands” after data from the Australian Bureau of Statistics out earlier this month showed house prices surged 20 percent across the nation, and as high as 27.7 percent in Melbourne this year.

In fear of the current situation turning into a bubble, Ms Ellis said “It will therefore be important for lenders to remain prudent in their standards.” She indicated demand side drivers were low interest rates and lower than expected unemployment.

Safe as houses mate. Only worry is the clearance rates have shown signs of getting the speed wobbles. Is that smoke on the horizon?
 
Here is some more options for all you rich landlords out there
http://news.domain.com.au/domain/re...yers-get-roof-not-the-land-20100525-w8o3.html
 
hello,

good evening all, great day

no all clear Trainspotter, just normal market conditions i know macca350 has that graph which shows properties awful performance (not the reiv one, but that long term one)

thankyou
professor robots
 
satanoperca said:
Thanks for the response.

Only like to mention your response to Q10. Wouldn't increasing the FHBG by both Fed and State Govnuts be seen as assisting or propping up the property market?

Cheers
Click to expand...

hello,

good evening, great day

with the huge response at Q & A the other night i wasnt able to get all the answers to the community, so just following them up know, thanks for understanding

to above:
no, the federal government introduced the grant to cover the ridiculous stamp/property duty the states impose, then the states realised the votes at stake and added a bit

seriously, you dont pay 5% of purchase price when you buy a second hand mattress from the Trading Post

thankyou
robots
 

hello,

good evening, great day

Q1. In my research and studies, wage growth to house appreciation or income to house price is irrelevant and appears to be an "emotional" issue/subject attached to housing due to the recent emergence of what i describe as the socialist blogger

Q2. Banks may well introduce that type of product for their customers. People do not have to take that type of loan but some people may.

Cleared up a few things for people as they seem to be very common questions.

I have been given special permission to keep Q & A going so anybody who missed out has another chance.

Thankyou
Professor Robots
 
robots said:
I have been given special permission to keep Q & A going so anybody who missed out has another chance.

Thankyou
Professor Robots
Click to expand...

And who bestowed the special permission there Confessor
 

Thanks for the insightful response professor robots. Good to see you doing your bit for the investment community. Question about picking which house to buy for you. If there is a house I can get for like $700k which is pretty sweet 3 bed 6kms from the city - but then you can go just to the next street and get the same thing for like $600k but it is on a main road and has a big double story next door that blocks sunlight - how do you identify which one is a better buy? Do you think capital appreciation will be effected by living on a busy road - say, I might only get 100% over the next 5 years instead of 200%?

Oh yeah, and I got a mate bought a house in Craigiburn. And another mate in Kensington. And another mate in Dromana. Which one do you reckon will fare best??
 
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