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When will the Bulls eat humble pie on WA?
Topic Started: 24 Mar 2017, 12:18 AM (19,210 Views)
Tommy
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herbie
6 Apr 2017, 10:07 PM
Hard ta say hey?

Maybe investors have become tha 'real buyers'; 'N you're just a wannabe?
Bahahahaha. Yeah ! Were all jealous!

Herbies true colors are a shinin.

"Investors are the real buyers " bahahahaha classic

So Herbies is a holdin in ta outer suburbs of Melbourne.

You hit a nerve! Hahaha.
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Rufus
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Steve99
6 Apr 2017, 09:15 PM
Speaking of that, many outer suburbs of Melbourne where the working semi-poor used to save up for and buy have now been taken over by house price speculators. Seems they have to scrape the bottom of the barrel for proper tenants and now these suburbs are falling apart a bit at a time, you know old cars on bricks, grass not mown, police sirens most nights, hoons doing burnouts, the usual feral activities. So all in all the 'investors' have done a real job in these places, cant wait till the bust here and they all want to sell, real buyers might have gotten fussy about their neighbours in the meantime.
Steve this is happening everywhere.

The USA went through a severe recession, but many of their cities are bouncing higher. Look at Seattle at $648K after falling to about $340K
remember that $648K US is worth about $852K in our money. Not cheap by any standards.

Posted Image
Attached to this post:
Attachments: House_prices_USA_cities.jpg (60.63 KB)
Edited by Rufus, 6 Apr 2017, 10:20 PM.
Take risks - if you win you will become wealthy, if you lose you will become wise
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herbie
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Tommy
6 Apr 2017, 10:18 PM
So Herbies is a holdin in ta outer suburbs of Melbourne.
I's never owned in Melvegas Tommy; 'N doubt I ever will?

But anyways, as ta where I's 'holding'? : Middle 'n outer ring Brisvegas.

Not wif them bein' recommendations - But just where I's holding - Given ya asked 'n wot not ... :)
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Veritas
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Rufus
6 Apr 2017, 10:19 PM
Steve this is happening everywhere.

The USA went through a severe recession, but many of their cities are bouncing higher. Look at Seattle at $648K after falling to about $340K
remember that $648K US is worth about $852K in our money. Not cheap by any standards.

Posted Image
So what?

Its for exactly the same reason why Aussie property has boomed these last few years: CHEAP MONEY!

The story of the aftermath of the GFC and the great recession is one where many countries have had to wear ridiculous increases in house prices in order to stave off recession and deflation.

Weren't you paying attention?

Matters are made worse here of course by the fact that the taxation system encourages speculation and all that hot money from China.

If Australia had done what Ireland did a few years back and introduce some decent macro prudential regulation Sydney would be nowhere near the current median.

Change the taxation arrangements, even more so.

you will argue otherwise but you are dead wrong.
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
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Tommy
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herbie
6 Apr 2017, 10:34 PM
I's never owned in Melvegas Tommy; 'N doubt I ever will?

But anyways, as ta where I's 'holding'? : Middle 'n outer ring Brisvegas.

Not wif them bein' recommendations - But just where I's holding - Given ya asked 'n wot not ... :)
We'll I can't much falt that. It is the traditional flow of money after all .

It's a fair bet. The only head wind is the apartment oversupply. Most land value increase is in line with development opportunities, given its tapped out it may interrupt likely capital gains. Also land supply seems to be keeping up .

By historical standards brisbane should have already taken off. Interstate migration has fallen well behind past performance might be the reason

Temperatures are rising and it might sound strange but I think this is a factor . 30+ with humidity now 10 months of the year. Sub tropical slowly becoming just tropical.
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Foxy
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Zero is coming...

Matthew
24 Mar 2017, 01:13 AM
When prices fall 40% in real terms, not a second before.

Long standing WA bears have bled rent through their arses


Since when did anyone consider 4 years Long standing"?

My tenants mow my lawns for me. Both in that they mow the lawns in my properties, and they pay for the guy to mow mine. Love my rentbitches.


My rentbitches are more likely to be working 2 jobs to save a deposit for a house and pay rent and pay their car loans and save for their entitled "holidays" than me.


How unfair it is that they are mowing their masters lawns and dealing with rent inspections. Spot on you are rentbitch. Spot on.



If your rent outpaces the falls you are a fool. Simple.

Rent is currently outpacing falls. So you are a fool.

Over the past 5 years rent has outpaced the falls.

Over the past 10 years rent has outpaced the falls.

So you are a fool.

Simple.
When do your lies stop Mathew.??
herbie
6 Apr 2017, 10:34 PM
I's never owned in Melvegas Tommy; 'N doubt I ever will?

But anyways, as ta where I's 'holding'? : Middle 'n outer ring Brisvegas.

Not wif them bein' recommendations - But just where I's holding - Given ya asked 'n wot not ... :)
any flooding??
Edited by Foxy, 7 Apr 2017, 12:55 AM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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herbie
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Musty: "any flooding??"

I'd a thought I'd a mentioned one 'issue' some time back mate?
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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eloi75
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Rufus
6 Apr 2017, 10:19 PM
Steve this is happening everywhere.

The USA went through a severe recession, but many of their cities are bouncing higher. Look at Seattle at $648K after falling to about $340K
remember that $648K US is worth about $852K in our money. Not cheap by any standards.

Posted Image
so theres a housing shortage in seattle? seems that there is a housing shortage everywhere nowadays and yet you go to these places like spain, portugal and seatle and you will see vacant after vacant decaying properties.
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Foxy
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Zero is coming...

herbie
9 Apr 2017, 10:43 PM
Musty: "any flooding??"

I'd a thought I'd a mentioned one 'issue' some time back mate?
i mean with the cyclone???

Any flooding or are your properties not in a flood area??
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Trollie
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Veritas
6 Apr 2017, 10:48 PM

If Australia had done what Ireland did a few years back and introduce some decent macro prudential regulation Sydney would be nowhere near the current median.
That's rubbish and you know it.
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