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2013 is just the tip of the iceberg for the next property cycle
Topic Started: 20 Dec 2013, 01:27 PM (2,380 Views)
Black Panther
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Real estate's best of the best in 2013

RECORD low interest rates, cashed-up investors in overdrive, foreigners swooping on bargains and, naive home hunters fuelling an auction frenzy - buying property was this year's most fashionable pastime.

Runaway extravagance set the buying tone this year, with consumer confidence cemented after the federal election and buyer activity accelerating in the final months of the year.

Experts say 2013 is just of the iceberg for the next property cycle with homes under $1 million in capital cities expected to be in short supply amid even higher demand next year.

The key drivers of the property market this year were record low interest rates prompting a return of first-home buyers, and cashed-up SMSF investors and foreigners driving up prices at the top end.

What resulted was huge auction crowds, ordinary homes selling for way above reserve prices, and budget buyers being locked out of inner-city markets.

Veteran property expert Terry Ryder expects less "herd-like" buying behaviour in 2014.

Mr Ryder said investors shaped capital city markets this year, with other buyers following the crowd to million-dollar suburbs, particularly Sydney.

http://www.news.com.au/finance/real-estate/real-estates-best-of-the-best-in-2013/story-fndban6l-1226787439890
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Timo
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Spruik spruik spruik, what is this rubbish? Experts vested in their own dribble. Pathetic.
After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
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herbie
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So are you selling BP?

Or do you reckon you can milk a bit more out of it yet? :re:
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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newjez
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herbie
22 Dec 2013, 01:51 AM
So are you selling BP?

Or do you reckon you can milk a bit more out of it yet? :re:
BP only sells when I scare him. I haven't said boo yet.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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goldbug
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After Perth's performance over the past half decade no one believes this crap anymore. Prices are just as likely to slide and all recent gains will be lost in the next 6 months.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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Pig Iron
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Bogan scum

goldbug
22 Dec 2013, 06:47 AM
After Perth's performance over the past half decade no one believes this crap anymore. Prices are just as likely to slide and all recent gains will be lost in the next 6 months.
is that nappy full is it, need me to change your bum little guy?
I am the love child of Tony Abbott and Pauline Hanson
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newjez
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Pig Iron
22 Dec 2013, 10:38 AM
is that nappy full is it, need me to change your bum little guy?
BP is always predicting the next boom. He's like a saner version of Mike. The pair of them are starting to sound like the crash bears. Its coming its coming. And if you predict something enough it will eventually happen.. But long after all credibility has left the room.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Pig Iron
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Bogan scum

newjez
22 Dec 2013, 11:29 AM
BP is always predicting the next boom. He's like a saner version of Mike. The pair of them are starting to sound like the crash bears. Its coming its coming. And if you predict something enough it will eventually happen.. But long after all credibility has left the room.
they have atleast got the direction correct, and sydney is booming that can't be denied. so no they are nothing like the crash bears. their predictions are no where near as insane as the crash bears either. mike predicted 15% from the low. the crash bears are still predicting 40% from 2008 level, so they need something like 60% now.

there's no valid comparison between the 2.
I am the love child of Tony Abbott and Pauline Hanson
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newjez
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Pig Iron
22 Dec 2013, 01:16 PM
they have atleast got the direction correct, and sydney is booming that can't be denied. so no they are nothing like the crash bears. their predictions are no where near as insane as the crash bears either. mike predicted 15% from the low. the crash bears are still predicting 40% from 2008 level, so they need something like 60% now.

there's no valid comparison between the 2.
You don't have to disagree with me just for the sake of it Timmy.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Pig Iron
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newjez
22 Dec 2013, 05:17 PM
You don't have to disagree with me just for the sake of it Timmy.
i'm not disagreeing with you the facts are. have BP and mike not got the direction correct while the crash bears have persisted with a 40% prediction from 2008 levels?
I am the love child of Tony Abbott and Pauline Hanson
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