DWolfe wrote:
BTW I got a great bit of opinion through from Brutal Art's (go Christianb) newsletter which said that not only had prices gone up the average block size had shrunk. Pay more for less.

And the size of the average house has grown, which means even less of the 'Aussie Backyard'.I think it's only a matter of time before those of us…[Read more]

Matt_Arnold wrote:
Fair call… Plateau may have been a bit of a strong word.  Probably a better way of putting it would be that i feel the % growth will be better at the lower end unit / town house than the higher end '3 Bed House and Land'.  

That is something that could conceivably happen in the future. There might have been some recent art…[Read more]

Matt_Arnold wrote:
Add to that a Gen Y, Gen Z generation that doesn't want to mow lawns, rather just wants to rent and remain fairly mobile…   and my view is that big houses at the top end of town will plateau whilst the smaller, unit or townhouse will prosper. 

This makes sense to some degree. However once we factor in the 'record immigr…[Read more]

DWolfe wrote:
Ps you wont be dismembered!

Haha, after nearly getting involved in that road rage incident, I've just become a little hypervigilant!

DWolfe wrote:
When you think about it, how many other people are whinging and whining about affordability purely because they want to live in the middle of town, or the blue chip suburb with limited houses and nice trees.

Agreed. Lofty ambitions can be a problem, especially in a society that 'wants it all' and 'wants it now'. Once at this forum…[Read more]

IMHO, the only significance of a presumed 'bubble' is whether it bursts eventually or keeps growing. The price rises are worrying for those trying to get into the market. A short few months has made a lot of money for lucky investors while the poor FHB are forced further out, having to buy in a hole somewhere and driving many, many miles to work,…[Read more]

Instead of encouraging forum moderation, perhaps we should be encouraging 'self-moderation'. Take everything with a pinch of salt, take only what you perceive to be the cream of the crop, mix it up well and let simmer to create your own soup of knowledge.If something sounds too good to be true, get closer to investigate. If it smells a little…[Read more]

While I don't have kids of my own, and appreciate that every kid will react differently to the same experiences and teachings, I could at least share my experience when younger.As a kid, 'Rich Dad, Poor Dad' and the Cashflow game were probably the most influential things for me, both of which were introduced by my Dad. But before that I already…[Read more]

I'm sure auctions have their place, and although never bid at one, I've been to a few just to get a feel of what it's like. The thing that gets me completely disillusioned with auctions are when a house with a reserve price of $1 mil sells for $1.8 mil, or an auction quoted at $550-600K is only 'on the market' at $700K.In essence all this…[Read more]

Yeah, I don't think they would touch anything sensitive with a 10-foot pole, especially if they wanted the polls to work for them.

1. Stamp duty is doubled for purchases of non-PPOR properties.2. The concept of negative gearing has been abolished.Muahahah!Hope that's not the case.

wealth4life.com wrote:
If the average house price went up in Australia to ONE million dollars and wages stayed the same as it does who will the buyers be and who would be able to afford the rents ROI = 0

That's where government subsidised housing comes in. In Singapore, the average house IS over a million dollars. Government subsidised housing…[Read more]

DWolfe wrote:
LOL get the tents FWord haha!D

Haha! I'd rather live in my tiny little shoebox, thanks very much! The phrase 'not sustainable' gets thrown around quite a lot. Certainly, prices are not likely to rise at this rate forever. But I think prices would continue to rise at a slower rate because of the high demand, which is likely to be…[Read more]

In a way I'm hoping for the bubble to deflate/ burst. When that happens I'll be swooping down to grab my dream property, or to scoop up cheapies by the handful. Overseas investors will no doubt suck up cheaper properties by the bucketload, where land here is still seen as being cheap compared to where they live. An average 3 bed/ 1 bath house on…[Read more]

Well, there goes my plans for an investment property…My suspicion however is that the median prices in Melbourne have jumped because more expensive properties went under the hammer in the final quarter of 2009 while the number of first home buyers (and the kinds of under $500K houses they're after) actually dropped in that same time. Thus we…[Read more]

Thanks for the link. The information within is expected. There have been numerous articles elsewhere citing the reasons for the price rise, and the potential bubble building up because of unaffordability.Unaffordability is a relative thing. Back in Singapore where I was born, buying a house anywhere on the island is akin to looking at a blue…[Read more]

I wouldn't know of a way to make money quickly in RE without having money in the first place. Either that, or you gotta be lucky and quick in a rising market to be able to flip for profit. In this case then a better way of rephrasing things is 'There's everything to lose but a heck of a lot to gain also if you're patient enough.'It's the same as…[Read more]

DWolfe wrote:

Old chestnut, growth or cash flow. I do like Croydon but the FHB have ravaged the prices. And yes like many places it used to be full of druggies and obnoxious high school students. Bring on Geelong (not sure yet which surrounding suburbs) You can still get houses for under $250k with an hr commute to Melb which isn't far off the…[Read more]

DWolfe wrote:

Old chestnut, growth or cash flow. I do like Croydon but the FHB have ravaged the prices. And yes like many places it used to be full of druggies and obnoxious high school students. Bring on Geelong (not sure yet which surrounding suburbs) You can still get houses for under $250k with an hr commute to Melb which isn't far off the…[Read more]

DWolfe wrote:
Old chestnut, growth or cash flow. I do like Croydon but the FHB have ravaged the prices. And yes like many places it used to be full of druggies and obnoxious high school students. Bring on Geelong (not sure yet which surrounding suburbs) You can still get houses for under $250k with an hr commute to Melb which isn't far off the…[Read more]