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Gold Coast Homes 50% Below 2010 Level - Bloomberg
Topic Started: 5 Sep 2013, 01:27 PM (7,658 Views)
miw
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genX
16 Sep 2013, 08:42 PM
If it does get worse I would probably be a buyer.
For non-luxury Gold Coast property you will probably miss an opportunity that comes around about every fifteen to 20 years then. For the last quarter or so, the Gold Coast has been a positive contributor to rather than a drag on SEQ prices.

The fact that land sales are still slow is not surprising. There is still a large overhang and developers can't get credit.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
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genX
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miw
16 Sep 2013, 09:52 PM
For non-luxury Gold Coast property you will probably miss an opportunity that comes around about every fifteen to 20 years then. For the last quarter or so, the Gold Coast has been a positive contributor to rather than a drag on SEQ prices.

The fact that land sales are still slow is not surprising. There is still a large overhang and developers can't get credit.
Not interested in GC proper, GC hinterland is my target. I think it can go down more. I am looking for somewhere that I can cover the mortgage even if it is un-tenanted. Right now that it is still out of my price range. If I miss it I miss it. Risk management comes first.
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miw
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genX
16 Sep 2013, 10:39 PM
Not interested in GC proper, GC hinterland is my target. I think it can go down more. I am looking for somewhere that I can cover the mortgage even if it is un-tenanted. Right now that it is still out of my price range. If I miss it I miss it. Risk management comes first.
My sister and brother-in-law had a nice little hut in the rainforest at Springbook that they had been trying to unload for years because it was surplus to requirement, changes in life goals, etc. They just managed to sell it the other day after years of zero buyer interest. No idea what they got for it though.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
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genX
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miw
16 Sep 2013, 10:45 PM
My sister and brother-in-law had a nice little hut in the rainforest at Springbook that they had been trying to unload for years because it was surplus to requirement, changes in life goals, etc. They just managed to sell it the other day after years of zero buyer interest. No idea what they got for it though.
Well, I could miss out. There is always retirement. Currently I am looking at the plateau, Beechmont mostly. Not that interested in Canungra. Army bases aren't really my thing.
Edited by genX, 16 Sep 2013, 10:51 PM.
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peter fraser
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genX
16 Sep 2013, 10:49 PM
Well, I could miss out. There is always retirement. Currently I am looking at the plateau, Beechmont mostly. Not that interested in Canungra. Army bases aren't really my thing.
Yes the hinterland will stay depressed for longer. In fact when it does boom there, it means the cycle is peaking.
Any expressed market opinion is my own and is not to be taken as financial advice
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Blondie girl
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Why..Am I not surprised by 1 revolting poster who is in the same generation as I who has the eff all attitude just an utter scumbag, vile filth ... Keep showing those true colors ...



Keep waiting forever...when the price is right retard...such superiority as horse shit.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$
It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged
Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do.
Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
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MMM
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Blondie girl
17 Sep 2013, 12:15 AM
Why..Am I not surprised by 1 revolting poster who is in the same generation as I who has the eff all attitude just an utter scumbag, vile filth ... Keep showing those true colors ...

Keep waiting forever...when the price is right retard...such superiority as horse shit.
The heading is 50% below 2010 levels.

What about now being a good time to buy, was it also a good time in 2010?
What happened to, you cant loose on property?
What happened to, property doubles every seven years?
What happened to buy now or miss out forever?
Blah blah blah
blah blah
blah blah

hello boys

So much for a 40% crash , like I always said why stop there and who made up that number ?

Look at interest rates now , hows the jobs numbers looking now Pete ? I remember somone telling us exactly what would happen to interest rates and why and also telling us how the economy would keep tanking along with jobs........

and blonde ,the fun is just beginning in WA
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Blondie girl
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MMM
17 Sep 2013, 03:43 PM
The heading is 50% below 2010 levels.

What about now being a good time to buy, was it also a good time in 2010?
What happened to, you cant loose on property?
What happened to, property doubles every seven years?
What happened to buy now or miss out forever?
Blah blah blah
blah blah
blah blah

hello boys

So much for a 40% crash , like I always said why stop there and who made up that number ?

Look at interest rates now , hows the jobs numbers looking now Pete ? I remember somone telling us exactly what would happen to interest rates and why and also telling us how the economy would keep tanking along with jobs........

and blonde ,the fun is just beginning in WA
Oooooooooohhh

Shucks I didn't focus on the topic, it seems I needed to be reminded.

So, I better have a bit of perspective, hey. Let's see umm

Should buyers of gold bullion be limited to one ingot?
Should share traders be limited to just one stock?
Why should property investors be limited to what they can buy ? Why is it that those in property are ALWAYS deemed GREEDY?
Competent Property investors should understand the principles of retrospectivity.
The share market dropped 55.4% hen the GFC hit, it's still not good ..easy to understand why some are the voluntary homeless.

Every investment has a risk.

Boo ho, go cuddle that teddy bear & write a letter to Santa.

Yes some fun has been happening in Perth like lots of FHB activity...good stuff hey.

Hang on, you are very clever I am not.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$
It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged
Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do.
Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
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genX
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Blondie girl
17 Sep 2013, 12:15 AM
Why..Am I not surprised by 1 revolting poster who is in the same generation as I who has the eff all attitude just an utter scumbag, vile filth ... Keep showing those true colors ...



Keep waiting forever...when the price is right retard...such superiority as horse shit.
Australia truly is the lucky country when a barely literate bimbo with no skills or qualifications can get rich in real estate.

Here's to you Blondie Girl! Lets celebrate with a song from a real Aussie band!
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MMM
Unregistered

Blondie girl
17 Sep 2013, 06:59 PM
Oooooooooohhh

Shucks I didn't focus on the topic, it seems I needed to be reminded.

So, I better have a bit of perspective, hey. Let's see umm

Should buyers of gold bullion be limited to one ingot?
Should share traders be limited to just one stock?
Why should property investors be limited to what they can buy ? Why is it that those in property are ALWAYS deemed GREEDY?
Competent Property investors should understand the principles of retrospectivity.
The share market dropped 55.4% hen the GFC hit, it's still not good ..easy to understand why some are the voluntary homeless.

Every investment has a risk.

Boo ho, go cuddle that teddy bear & write a letter to Santa.

Yes some fun has been happening in Perth like lots of FHB activity...good stuff hey.

Hang on, you are very clever I am not.
Well why buy all your property in a one hit wonder state, why not spread out your risk, the one hit wonder is now collapsing along with all your eggs jammed in the one basket, you see when you put all your eggs in the one basket ,if that basket breaks ,which yours has now done , evrything you owns goes down. when its works its a win win ,but when it does not its a lose lose.
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