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
Are the charts which show prices relative to the last peak (2010) and bottom (2012) based on individual city peaks and troughs, or the national peak / trough.
Apologies if this has been explained elsewhere (thanks for the weekly updates btw).
Are the charts which show prices relative to the last peak (2010) and bottom (2012) based on individual city peaks and troughs, or the national peak / trough.
Apologies if this has been explained elsewhere (thanks for the weekly updates btw).
They're based on the individual index peaks and troughs for each city.
Veritas
2 Aug 2013, 12:36 PM
Huzzah! Cant wait until money gets even cheaper. More fuel for the rocket.
It certainly is great news for homeowners and property investors... nice to see the new cycle building strongly now after the two year downturn.
Re "Perth joined Sydney this week in being at a new all-time record high, above its prior peak."
Wonderful News, How wrong could the Bears have been.
Little wonder they're AWOL, the bear failure, this time round, has been remarkable -- one would think they'd learn a lesson, from their 2009 humiliation -- but no!!
Little wonder they're AWOL, the bear failure, this time round, has been remarkable -- one would think they'd learn a lesson, from their 2009 humiliation -- but no!!
Catweasel say what if all the mouse buy into the truth?
And what if all mouse minus 1 mouse see the light?
Imagine the pain of all mouse jeering against the 1 mouse?
Little wonder they're AWOL, the bear failure, this time round, has been remarkable -- one would think they'd learn a lesson, from their 2009 humiliation -- but no!!
their failure on perth is most astounding.
i guess they whipped themselves into such a frenzy expecting an iron ore price crash that never happened, then the focus turned to capex which was a fizzer for them as well.
it's funny, perthite claims i was going to disappear forever, and yet he is MIA....
I am the love child of Tony Abbott and Pauline Hanson
Much better than in a house with the falling values dear Mr Cat the Weasel
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.
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