So Brisbane is the only city where prices have not yet reached a new all time record high bubble price? Am I reading that correctly?
The bubble has reached never seen before heights right across the nation?
Oh Lordy when this thing blows it's going to be a doozy.
You specufestors are fckd.
Record high bubble price how silly. Prices are only just back to where they were in 2007 in most places.
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
Since the trough in 2012 house prices are up 20%. Flick back to 2012 and read the posts from bearish commentators on here.
Yeah thats right, you blush....
I think your looking at it all the wrong way trojan.
But seeing as you have bought it up, there are a few Interesing points to be made from shadows graphs.
I think the most important one to look at ,is the price rise from the 2010 peak. Here it shows national price to give us an overall picture of the nation as a whole over a period of many years.
It states that national house prices have risen 10.8% since 2010. So in four years prices have risen only 10.8%.history. of all, that does not even keep up with inflation, and in ten weeks time we are in 2015, how will prices go in 2015, will they keep up with inflation or lag behind again.
And what have we done since 2010 to achieve this massive 10.8% growth over four years. We have doubled first home buyer grants, removed stamp duty, and drop rates to the lowest in thirty years. Then we encouraged foreign investors, and then encouraged people to leverage their superfunds in aswell, we then dropped the rates further, to the lowest in history, the lowest since the great depression. And were gping through the peak of the biggest mining boom in our history. And yet with all this happening since 2010, that's all we could achieve, house prices not even keeping up with inflation . And now all the measures have been used up and the mining boom is winding down very very fast. And six years after the GFC hit, the world is still declining.
How do you think we will go over the next four years Trojan ?
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