Looks like we've passed the national tipping point. Look for price rises to broadly continue. The up cycle has begun!
I think the next few months will be very interesting. If they lower the interest rates next week we may see a bit of a rally. I certainly hope so as my property is up for Auction next weekend : )
You're a fool if you are so optimistic for yourself. The last thing in the world I want from you parasites is pity.
I'm nasty to parasites, which makes me a good man.
You're a bunch of sickos incapable of being human anyway, you all want free money handed to you on a plate by government intervention, you're absolute filth.
Looks like we've passed the national tipping point. Look for price rises to broadly continue. The up cycle has begun!
I think the next few months will be very interesting. If they lower the interest rates next week we may see a bit of a rally. I certainly hope so as my property is up for Auction next weekend : )
Good luck with that Sweetdish (seriously).
I own no investment property but if I did, I would be tempted to get rid of it before the federal government takes us down the same sorry path that Europe is already quite some ways down.
I own no investment property but if I did, I would be tempted to get rid of it before the federal government takes us down the same sorry path that Europe is already quite some ways down.
Thanks lefty
i will be posting the results on here regardless of outcome. Its my guess that property is currently undervalued but its hard to say. But this is not an investment unit. I live there and I just want something bigger. In the short term I don't really care if it goes up or down although down maybe preferable since I am moving up the ladder : )
I think my auction will give a really good indication of whats going on out there, at least where live. (Sydney Eastern Suburbs)
I own no investment property but if I did, I would be tempted to get rid of it before the federal government takes us down the same sorry path that Europe is already quite some ways down.
In regards to our government and [southern] Europe it doesn't really compare. Yes, Gillard is a moron but if anything, Australia is very similar to Norway. (Rich in resources, overpriced in just about everything and rather incapable of producing anything else of value due to below average education and poor infrastructure)
Spain, Greece and italy are run by very corrupt politicians and those countries have a tradition of cheating and stealing form the state and each other. Irelands problems came from over construction.
If you look at housing markets in Northern Europe such as Sweden, you will see a similar trend as here. -Moderate falls for the last year or so but now starting to pick up due to stabilisation in Southern Europe. Countries which have the Euro will have issues for years to come however, but that doesn't really affect us unless it gets really bad. And in that case, falling house prices are the least of our concerns.
We don't know the current FIRB numbers. Probably just a few foreigners buying up before the big GFC2 comes.
stinkbug omosessuale Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments. Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck! See here Property will be 50-70% off by 2016.
I don't pay much heed to this increase then I did to the small recent decreases. The current housing market is in a state of uncertainty that is far from gone away. In such an environment you would expect to see minimal cg with small ups and downs. You wont see a massive swing either way until people become either convinced we are heading into a global recession, or are convinced we are on the next global upturn.
Good luck with your auction sweetdish As you know your market has come off quite a bit, but its all over so you may as well sell knowing you will be selling in a falling market is much better than you think especially if your goal is to upgrade. While you will more likely have to sell for a bit under peak your next property has lost more and will continue to lose, so it will end a win win for you. This is a big opportunity in your life , I would be leaning strongly towards achieving a sale.good luck
As for the article Dr Wilson has no idea or credability when it comes to the property market. 0.9 rise whos kidding who here , firstly its a croc of shit , secondly it would barely cover inflation if it was true. Not only is our economy derailing, you have seen all the jobs losses, but we only began feeling the effects of the first home owners grants reducing heavily in june of last year. And with the stamp duty exemptions only removed in january we are yst to feel that. The recent interest rate drops have done nothing and either will the one we get next week and also next month. I the US I can get a 30 year fixed loan at around 3% but there real estate will have been falling for six years in a row come June. Our prices will keep falling and so will the interest rates depite any bullshit you read or believe. Our economy peeaked on the 1st November 2007 and has been coming down ever since exactly as the US and Europe, the only reason our house prices went up in 2009,2010 was because of government stimulus of giving free money away to everyone .
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