This thread is about exposing the risks to potential investors fwank, do you have a problem with that? Do you want people to blindly put money into questionable assets ???
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
^^^ The forum fuckwit doing what it does best ^^^ Babbling on to itself like some senile 80 year old who just discovered the internet
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
^^^ The forum fuckwit doing what it does best ^^^ Babbling on to itself like some senile 80 year old who just discovered the internet
$870K ? - The price of one Sydney house?? (Or two or three Rocky ones?) And he sees a particular and singular REGIONAL ICE CRISIS based on THAT response???
Effing glad the fool's not MY financial advisor ...
Rocky police say crystal meth is region's No.1 problem
ICE is the number one drug problem in Rockhampton.Rockhampton Criminal Investigation Bureau Detective Sergeant Nick Williams on Tuesday said police were continually dealing with matters relating to users.
Good point ExBPG, investors need to be aware of all the asbestos littering the landscape up there. It's not as bad as Wittenoom but still...
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
(A good attempt at property spin but the numbers speak for themselves)
THE Rockhampton property market may be into recovery mode now but bargain hunters are still picking up houses in the low $100,000 in suburbs such as Depot Hill and Rockhampton City. Herron Todd White's Month in Review for October noted entry level buyers in the city were buying properties for well under $200,000 for a basic older style home. Some of these homes were in flood-prone areas.
Recent sales in Depot Hill include a highset fibro home in South St for $105,000 after that property sold for $140,000 in 2006 ( Bend over )
and a Queenslander in Campbell St went for $132,000, well down from the $190,000 it cost in 2011 (OUCH!)
Homes of reasonable quality and generally out of flood areas could be expected to achieve up to around $250,000."With the downturn in the mining industry and lack of investors, purchasers are now seeing property offering good value for money compared to a number of years ago," Blah Blah Blah
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
(A good attempt at property spin but the numbers speak for themselves)
THE Rockhampton property market may be into recovery mode now but bargain hunters are still picking up houses in the low $100,000 in suburbs such as Depot Hill and Rockhampton City. Herron Todd White's Month in Review for October noted entry level buyers in the city were buying properties for well under $200,000 for a basic older style home. Some of these homes were in flood-prone areas.
Recent sales in Depot Hill include a highset fibro home in South St for $105,000 after that property sold for $140,000 in 2006 ( Bend over )
and a Queenslander in Campbell St went for $132,000, well down from the $190,000 it cost in 2011 (OUCH!)
Homes of reasonable quality and generally out of flood areas could be expected to achieve up to around $250,000."With the downturn in the mining industry and lack of investors, purchasers are now seeing property offering good value for money compared to a number of years ago," Blah Blah Blah
Michael Matusik had this to say about the Rockhampton housing market on Twitter yesterday.
Quote:
Michael Matusik @MichaelMatusik · 9h9 hours ago We estimate Rockhampton’s new housing market is undersupplied to the tune of 25% #MatusikOutlookReport more info > http://buff.ly/1OeQbJF
Any expressed market opinion is my own and is not to be taken as financial advice
I would imagine the under supply is just keeping pace with the under employment and under ability to take on new debt.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
I would imagine the under supply is just keeping pace with the under employment and under ability to take on new debt.
I understand that the population in Rockhampton is growing at the rate of 2% per annum. But unemployment is high at 8.4%. Unemployed people do receive benefits and although they don't buy houses they do need a house to live in.
Any expressed market opinion is my own and is not to be taken as financial advice
and a Queenslander in Campbell St went for $132,000, well down from the $190,000 it cost in 2011
$190k sale in 2011 shows what a shitter it must have been - anything half decent would have been $50k more at least
That particular house is on the absolute outskirts of town and is isolated when the area floods. It is not what I would call a qlder as such. It is also in a poor state of repair so I am not surprised that it sold for that .
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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