Welcome Guest [Log In] [Register]


Reply
  • Pages:
  • 1
  • 3
  • 4
Sydney Property Buyers Have Lost Touch With Reality; Median property prices across Sydney out of control
Topic Started: 13 Aug 2014, 10:50 AM (5,884 Views)
Admin
Member Avatar
Administrator

Quote:
 
Follow OzPropertyForum on Twitter | Like APF on Facebook | Circle APF on Google+
Profile "REPLY WITH QUOTE" Go to top
 
cokatoo56
Default APF Avatar


Ok but the woodlands don't have the royal national park mate and that is where all the difference is. :D
I would still pick caringbah lol

I'd like to see what the bulls comment about this :bye:
Edited by cokatoo56, 13 Aug 2014, 10:56 AM.
Profile "REPLY WITH QUOTE" Go to top
 
Will
Unregistered

One huge difference to end all possible differences or any other possible explanations. Beaches, cronulla, bondi , coogee, maroubra etc.

The caringbah property is driving distance to all those beaches.

Beaches are used as weapons against the Australian population.

It's why raising the pension age in France from 60 to 62 results in violent protests in Paris, but raising the age form 65 to 70 and you get...... Nothing!

Aussies seem to put up with anything because we have lovely beaches.
"REPLY WITH QUOTE" Go to top
 
cokatoo56
Default APF Avatar


Will
13 Aug 2014, 11:15 AM
One huge difference to end all possible differences or any other possible explanations. Beaches, cronulla, bondi , coogee, maroubra etc.

The caringbah property is driving distance to all those beaches.

Beaches are used as weapons against the Australian population.

It's why raising the pension age in France from 60 to 62 results in violent protests in Paris, but raising the age form 65 to 70 and you get...... Nothing!

Aussies seem to put up with anything because we have lovely beaches.
the lovely beaches, and you forgot the "cafe culture" (whatever that means)
it's funny to see how Australia seems to be completely disconnected from the rest of the world sometimes.
I remember seeing in the TV news once : the first news was to tell about a surfer at Bondi who almost got bitten by a great white. And they emphasized a lot on it, interviewing the almost victim and all. He didn't even get bitten !! and the news were ending with : by the way, a malaysia airlines plane crashed around vietnam.
Profile "REPLY WITH QUOTE" Go to top
 
Ex BP Golly
Member Avatar


Will
13 Aug 2014, 11:15 AM
One huge difference to end all possible differences or any other possible explanations. Beaches, cronulla, bondi , coogee, maroubra etc.

The caringbah property is driving distance to all those beaches.

Beaches are used as weapons against the Australian population.

It's why raising the pension age in France from 60 to 62 results in violent protests in Paris, but raising the age form 65 to 70 and you get...... Nothing!

Aussies seem to put up with anything because we have lovely beaches.
Living in Houstons best masterdesigned community driving around in ya flash new roller couldn't possibly compare to living in the Shire with ya rusty old carolla.

If onlt the usa had some beaches :lol
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
Profile "REPLY WITH QUOTE" Go to top
 
Deleted User
Deleted User

People become desperate to get into the property market and in many cases overpay and overextend. This is a weekend auction result; An original three-bedroom house in Ermington went under the hammer and sold for $1.065 million, exceeding the reserve price by $115,000.
"REPLY WITH QUOTE" Go to top
 
Massive
Default APF Avatar


Ex BP Golly
13 Aug 2014, 02:44 PM
Living in Houstons best masterdesigned community driving around in ya flash new roller couldn't possibly compare to living in the Shire with ya rusty old carolla.

If onlt the usa had some beaches :lol
australians are a bit silly.. they put SO much value on living near the coastline.. could get fantastic place ON the mediterranean or european coastline for a fraction of the price of a dog box in driving distance to bondi....

Profile "REPLY WITH QUOTE" Go to top
 
Sydneyite
Member Avatar


The Houston/Woodlands house also comes with annual property taxes, that will rise over time, of between $5k and $10k/year. Factor that into an NPV cashflow analysis, and the "cost" of the Houston home is up to double what it seems when coparing to a Sydney house with property taxes of only about $1.5k/year.

Also, Houston is one of the most affordabible cities in the US, for a range of reasons. But you have to live in Texas, USA to get a house there - not much good if you happen to live in Australia! :re:
For Aussie property bears, "denial", is not just a long river in North Africa.....
Profile "REPLY WITH QUOTE" Go to top
 
Veritas
Default APF Avatar


Sydneyite
13 Aug 2014, 04:25 PM
The Houston/Woodlands house also comes with annual property taxes, that will rise over time, of between $5k and $10k/year. Factor that into an NPV cashflow analysis, and the "cost" of the Houston home is up to double what it seems when coparing to a Sydney house with property taxes of only about $1.5k/year.

Also, Houston is one of the most affordabible cities in the US, for a range of reasons. But you have to live in Texas, USA to get a house there - not much good if you happen to live in Australia! :re:
The media house price in Sydney is still bonkers.
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?

The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly.
Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
Profile "REPLY WITH QUOTE" Go to top
 
GloomBoomDoom
Member Avatar


Everything is bigger in Texas! :D
MSE
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
ZetaBoards gives you all the tools to create a successful discussion community.
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply
  • Pages:
  • 1
  • 3
  • 4



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy