simple wrote:
http://www.news.com.au/money/property/house-prices-dip-and-will-fall-further/story-e6frfmd0-1225932622360Seems like FHOG stemulus effect started to wear off. We need few more IR hikes and Austalian RE will follow USA trend.Interesting that AU lags 3-4 years behing US…

What does the  "FHOG stemulus"  has to do with almost $3M a…[Read more]

eloi wrote:
 but unfortunatly the bubble has to pop some time

what bubble ? 

_joyce wrote:
Hi, I am new here. I am thinking to lease out my property, to be managed by real estate agent. But I do not wish to declare it as my investment property. The income received does not go to me, it goes to my brother who is not working. Therefore, I am not receiving any income to be taxed upon. Is this legal?

No tax l expert myself…[Read more]

ummester wrote:
And lose 50 odd K in fees and stuff for the transaction in 10 years time?

A lot of fees for today's median priced home. I only pay around 2% in agent fees which would put your place in the $2.5M range.  That's some capital gain you expect over the next 10 years unmester, and you said you weren't bullish…..  

ummester wrote:
I took some of your advice, though. I decided not to buy in ACT. Will build my FHSA all the way up to 80 odd k (combined with Mrs ummester) and buy at a place we want to retire to when my LSL is due. Then, after living there for 6mths, I will put it up as a rental and use the tax savings to pay down the loan 10 years faster. Best…[Read more]

eloi wrote:

Quote:
http://au.news.yahoo.com/thewest/a/-/mp/7946270/finding-space-for-556-000-perth-residents/Finding space for 556,000 Perth residentsMARISSA LAGUE, The West Australian September 15, 2010, 6:55 am If forecasts are right, Perth will be home to 556,000 more people in the next 20 years and finding space for an extra 328,000 homes…[Read more]

eloi wrote:
hey  why there is new unsold properties in sydney, perth, brisbane, gold coast. if its like you  say that we have an undersupply of property by %1 then why do we have these unsold brand new apartments and houses.

what does unsold properties have to do with under or over supply  ?  Is there an oversupply of Toyota cars if there are…[Read more]

Quote:
You can still crack me up harb.

You too unmester, I gather you have not purchased your dream home yet and are still waiting for that  major market correction ?

ummester wrote:
For the argument I'm representing here, I mean recent as in the last 10-15 years and not the latest Epoch:)

Ok. I will agree with you that recent history has…[Read more]

cuteyoungchic wrote:
I live in a city South of Perth. House prices have been falling here for approximately 2 1/2 years. There are loads of houses are on the market, to sell your house, you need to drop the price by tens of thousands.. Rents on existing properties haven't risen in a year or two. The main local paper has an abundance of houses…[Read more]

Mick12345 wrote:
Hi Harb,I have seen that graph before, it looks like Niall Fergusson's work.That fact that the House price Index goes up exponentially is very misleading and kills all credibility.

It may well be, I  goggled for Aus property prices and pasted the first chart I came across. You could hardly expect to see monthly fluctuations in…[Read more]

ummester wrote:
Recent history has shown that property is the winner, not all history. And that is a recent history with sever market distortions.

Depends what you consider recent. Australia being a young country only allows us to look back a couple of hundred years but boy how I wish my great great great grandparents bought me a few acres of…[Read more]

eloi wrote:
Here is an interesting article i just read which coincides with what ive been saying for a few years.

But you've only joined here a few weeks ago, can you give us the previous user name you used here so we see what you have been saying for the last few years ? Ta.As far as the over or under supply goes there is a simple indicator…[Read more]

ummester wrote:
As in 'we would love to pass on the cuts' suckers… but we won't.Anyway, this whole debating tiny changes one way or another is fruitless and becoming boring. I believe that over the next 2 years the price of property will drop by around 30% across the board. You don't. Only way we are going to be sure who is wrong and who is…[Read more]

I had a look at it years ago but was put off by possible polystyrene shrinkage due to aging and heat causing the render to fall off.There were a few similar products around but in the end for me it worked out cheaper to go with the tried and tested regular bricks.

ummester wrote:
The world should be fine. I have deciphered the real meaning of the 2012 mystery – it's about the Australian property market:P

Better rush and get some then, before they are all gone. Or did you mean that 2012 is the year you finally give up the wait for lower prices and buy ?  

wealth4life.com wrote:
Wait till the end of August when we see the effects of the mortgage resets to comment further here.

You're still hoping the mortgage resets will cause a property crash ? That's so 2007.  

sonyasal wrote:
NFBP.You neglect to realise that most peopl do not pay $500k for a $500k property. They only pay a ten or twenty % deposit. So your figures of losing $107K on a $500k property is inherently flawed.

As is the assumption that rents will stay flat for the next 5-10 years. That 5% yield will soon turn into a 10% +ve geared property…[Read more]

SteveMcKnight wrote:
It's hard to see how the cost of construction won't increase,

100% agree with you there. Electricity and gas prices are going up and with them the cost of cement,  bricks, steel, kiln dried timber and other building materials where energy cost is a large component of the manufacturing cost  . Would not be surprised to s…[Read more]

simple wrote:
BUMP OLD thread, let's keep it afloat to see it expectations eventuate. To date we seen no price drop in mid/low range.However the top end sunk a minimum 30% (1m+ properties), that is in Wynnum / Manly / Lota in Brisbane 

Even if it does eventuate it may only do so after the prices have gone up a lot.  Someone who has been w…[Read more]

propertunity wrote:
My hot tip:Mandurah – sea side location (water always good for CG)Perth-Mandurah Rail Link. $1.7b, completed

+1Also Kwinana Freeway extension is almost completed.