Haha! You might be right there, but you have to admit (assuming the story is accurate) that a jump of roughly 3 median wages in 2 months is pretty extreme. Glen Waverley isn't a flash place by any stretch of the imagination and the yields in many areas should give people concern IMO
The story is almost certainly inaccurate. Wild anecdotes about what a friend of a mate tole my mate or an email I got over the weekend or whatever without any corroborating information are pretty-much always either made up or wildly exaggerated.
but believe whatever you want.
The truth will set you free. But first, it will piss you off. --Gloria Steinem AREPS™
The story is almost certainly inaccurate. Wild anecdotes about what a friend of a mate tole my mate or an email I got over the weekend or whatever without any corroborating information are pretty-much always either made up or wildly exaggerated.
but believe whatever you want.
Yet real estate agents have used it to fabulous effect.
IVe never met a person who has told me they lost, or didn't make money from property. Everyone gets fabulously rich apparently I
WHAT WOULD EDDIE DO? MAAAATE! Share a cot with Milton?
The story is almost certainly inaccurate. Wild anecdotes about what a friend of a mate tole my mate or an email I got over the weekend or whatever without any corroborating information are pretty-much always either made up or wildly exaggerated.
but believe whatever you want.
The source for this story is MacroBusiness's David Llewellyn-Smith.
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt — Bertrand Russell
Where do you suspect the short term future growth will come from though?
What I can see happening now is we had our correction and we are now in the early stages of the next phase of the land price cycle. Prices will increase due to buyers bidding up prices, this will only get stronger and will be fuelled by increased credit from money issuers chasing customers with their wares.
Ex BP Golly
9 Sep 2014, 08:12 AM
IVe never met a person who has told me they lost, or didn't make money from property.
I have lost money on a few houses, there you go.
Dr Watson
9 Sep 2014, 08:20 AM
The source for this story is MacroBusiness's David Llewellyn-Smith.
Right I see, there was some kind of surreptitious bear invasion here last night, bubble heads everywhere, anorak wearers watching on I am telling you, you had to be here, it was eerie man.
Right I see, there was some kind of surreptitious bear invasion here last night, bubble heads everywhere, anorak wearers watching on I am telling you, you had to be here, it was eerie man.
It can be entertaining, I'll admit, and I was had by it for a period of time too, but when you witness a succession of guest posts at around the same time, it's just someone having a bit of fun.
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt — Bertrand Russell
It can be entertaining, I'll admit, and I was had by it for a period of time too, but when you witness a succession of guest posts at around the same time, it's just someone having a bit of fun.
Right I see, I feel a lot better now knowing that. Coupled with the full moon I thought we were having an alien invasion and that the risk of me abducted was scarily high.
The story is almost certainly inaccurate. Wild anecdotes about what a friend of a mate tole my mate or an email I got over the weekend or whatever without any corroborating information are pretty-much always either made up or wildly exaggerated.
but believe whatever you want.
Wildly inaccurate anecdotes are currency on some websites where they are accepted as truth.
Any expressed market opinion is my own and is not to be taken as financial advice
Wildly inaccurate anecdotes are currency on some websites where they are accepted as truth.
Yep, lets think about this. A fabricated email is sent around and used as a foundation affidavit by the ne'er do well crowd about how white hot this market is and when will it all end.
What I can see happening now is we had our correction and we are now in the early stages of the next phase of the land price cycle. Prices will increase due to buyers bidding up prices, this will only get stronger and will be fuelled by increased credit from money issuers chasing customers with their wares.
What happened to your 18 year land cycle quack theory? That was fun.
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
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.
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