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Rockhampton property market smashed; No buyers and prices plummetting
Topic Started: 24 Aug 2013, 06:41 PM (4,876 Views)
mango66
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Frank Castle
25 Aug 2013, 05:45 PM
IMHO
Sorry Frank theres nothing humble about you.
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Gossamer
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44th most prolific poster on APF

Simon
25 Aug 2013, 07:04 PM
don't think thats against the forum rules, last time I checked them
Not being a prick should be one of the APF rules. This applies to both the bears and the bulls.
Common sense is a curse - those who have it need to suffer dealing with those who don't have it.

APF idiot list
Nelson
Black Panther
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Shadow
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Evil Mouzealot Specufestor

Gossamer
26 Aug 2013, 10:46 AM
Not being a prick should be one of the APF rules.
Who gets to decide who the pricks are?
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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Foxy
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Zero is coming...

Shadow
26 Aug 2013, 10:49 AM
Who gets to decide who the pricks are?
the pussies.
Peter
:pop: :pop:
and if the pussies can't find the pricks we are all fuc.ed.
Peter :pop:
Edited by Foxy, 26 Aug 2013, 10:52 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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Frank Castle
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Business As Usual

mango66
25 Aug 2013, 11:41 PM
Sorry Frank theres nothing humble about you.
Its hard to be humble when I am perfect in every way ;)

The H was for Honest, It was my Honest opinion.
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Elastic
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So prices in Rocky have fallen 2.1% in the last quarter and have gone nowhere for the last 5 years.
Frank lets us know it is still possible to build a house and sell it for a profit.
Thanks for the heads up.
Only a rat can win a rat race.

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Frank Castle
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Business As Usual

Elastic
26 Aug 2013, 12:07 PM
So prices in Rocky have fallen 2.1% in the last quarter and have gone nowhere for the last 5 years.
Frank lets us know it is still possible to build a house and sell it for a profit.
Thanks for the heads up.
You're not very smart are you. :re:

I dont buy "The Market"
I dont sell "The Market"

Individual properties and areas have done very well, look at the Range for example, up 11.9% in the last qtr.
Edited by Frank Castle, 26 Aug 2013, 12:14 PM.
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Elastic
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Rental vacancy rates are starting to creep up in Rocky.
Does this mean your elderly tenants might have some relief in the near future?
Only a rat can win a rat race.

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Frank Castle
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Business As Usual

Elastic
26 Aug 2013, 12:13 PM
Rental vacancy rates are starting to creep up in Rocky.
Does this mean your elderly tenants might have some relief in the near future?
There are always cheaper properties for them to rent.
Ones without stairs at a cheaper price are in short supply. ;)
add: and I never had an issue when vacancy rates were above 7% - I see no reason to be concerned at 1.7%
Edited by Frank Castle, 26 Aug 2013, 12:18 PM.
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Elastic
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Sounds like you have your target market well worked out.
However, if they can't afford to eat, the vacancy rate will keep rising.
Do you have shares in the local funeral directors as well?

2.9% according to SQM SQM vacancy rate for Rocky
Edited by Elastic, 26 Aug 2013, 12:22 PM.
Only a rat can win a rat race.

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