[simpleParticipant@simpleJoin Date: 2006Post Count: 237]

August 31, 2010 - 10:16 am

Bump  for a second month of value loss of RE , 1% in a month that is what… 11% year add inflation on the top and you have 15%.
China is under crunch now feeling financial limitations of how much they can spend on stimulus.. remeber Chineese stimulus keeps them purchasing Aussie ore.

[simpleParticipant@simpleJoin Date: 2006Post Count: 237]

August 23, 2010 - 6:19 am

bardon wrote:

Has it bust yet ?

Does not look like burst is coming in any immidiate future, unstable – yes. It's actually been unstable since 2006 (start of this thread)

Australia been great in supporting realestate value, I think it should concentrate on manufacturing/bussiness instead. Will be better in the long run.

[simpleParticipant@simpleJoin Date: 2006Post Count: 237]

August 6, 2010 - 3:17 am

BUMP to the top, keep it life people! Pricless thread, it's interesting if concerns raised some many years ago will eventiate and which way.

[simpleParticipant@simpleJoin Date: 2006Post Count: 237]

June 15, 2010 - 9:14 am

So, we just had ficially one month of negative RE value growth? Glitch or cooling down?

[simpleParticipant@simpleJoin Date: 2006Post Count: 237]

May 14, 2010 - 10:39 am

Dunno about you guys, but townhouse we own in Brisbane, Manly (good suburb) did not grow in value last 3 years. It sits pretty flat on $350-360K

[simpleParticipant@simpleJoin Date: 2006Post Count: 237]

May 12, 2010 - 6:00 am

fitzydarling wrote:

my very first investment decades ago was two kilos of silver when the bunker hunts cornered the market. to my amazement after buying the first kilo for $500 it went up to $1500, then I bought another at about $1100 expecting it to go up again and it just slid down and down and down and was worth about $200 a bar for the next few decades. made great paper weights

Love to hear some first hand stories, especially from those who lived long enough to accumulate long trend knowledge.
I guess, one can reason that gold/silver investment can be no different to property investing as it comes in cycles….

[simpleParticipant@simpleJoin Date: 2006Post Count: 237]

May 8, 2010 - 5:42 am

W4L, I am looking at gold, rather. Not investment but as protection.
2.5 ounce per purchase will keep you under $5k for regestration for ID.
Only drawback is many trips to accomulate $150K in phisical gold…

OT, I like now we get taxed on inflation…  AU prints money at 7% /year. 1.5% population growth = 5.5% inflation created.
Bakn gives you 6%, out of which you get taxed over 40%. So in real term you LOSSE at the rate of 1.5% / year ((

[simpleParticipant@simpleJoin Date: 2006Post Count: 237]

April 28, 2010 - 11:36 pm

http://www.news.com.au/money/property/house-price-growth-slowing-at-last-data/story-e6frfmd0-1225859802095
Extract:
AFTER a year of surging prices, the pace of growth is finally easing, with the country's median house price rising 3 per cent in the March quarter — down from nearly 5 per cent growth in the previous three months.

 

[simpleParticipant@simpleJoin Date: 2006Post Count: 237]

April 17, 2010 - 11:25 am

Bump to the top for quick summary.

Let's stay on topic.
It's been 4 years since thread was started, todate we have
– High end (1M+) wend down and bouncing around now
– Mid range (500+) grown, have no knowlege true %, does anyone knows?
– Low end went up big time, anyone have %?

 We have at hand rising IR, poor bussiness perfomance (based on my observation of manufacturing sector I am in), TAX reform coming (can expect surprises there). On the other hand we have had 4 years of time delay in crash for balance sheets to get improved by private induviduals and companies.

Interesting times ahead.

[simpleParticipant@simpleJoin Date: 2006Post Count: 237]

February 2, 2010 - 2:20 am

Well, well it's been 3+ years for this thread
Three years of unpredictable events, fears and hope for some

Anyone want to comment on what is coming/hapening? First crash did not effect mid-low range RE in Australia, we know this for a fact now, thanks to FHOG.
Now people talking about second wave (double dip) coming. Thinking logically, this should now correct mid-low RE prices in this round.
Will it happen?

[simpleParticipant@simpleJoin Date: 2006Post Count: 237]

December 1, 2009 - 5:25 am

Ummmm… I am now watching Ubank to lift % on investment accounts
Bring it on BABY!

[simpleParticipant@simpleJoin Date: 2006Post Count: 237]

November 19, 2009 - 11:34 pm

Are you from Brisbane?

[simpleParticipant@simpleJoin Date: 2006Post Count: 237]

November 19, 2009 - 11:05 pm

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
 

[simpleParticipant@simpleJoin Date: 2006Post Count: 237]

August 2, 2009 - 2:22 am

Michael 888 wrote:

I have been sitting on my hands………….but not idly……have been researching my next foray and am waiting for cap rates to rise further before I venture out and commit..
If they are wrong I am still researching and will buy only a value add (with several twists) that is washing its own face and preferably is +ve CF.

Same here. We been enjoying debt free living for over the year now, and searching to upgrade PPOR for couple of years.  To date, I came across 3-4 properties that interest me, price was good but not as low as we wanted. Top end is down a good 30% in Bayside Brisbane (comparing to 2007), I am aiming for another 20-25%.

Been straggling to find any +ve CF properties at low end (below 400K), like  D mentioned. Not many in Brisbane by the looks of thinks. And I like them to be close to me, so I can look after them.

Gradual hike in IR will be lovely. Many will welcome increase payout to savings in the bank account and low end of properties catching up with top end in the trend.  Economy, like any business, must be self sustainable. At the moment it is not, been poorly regulated .

[simpleParticipant@simpleJoin Date: 2006Post Count: 237]

July 31, 2009 - 4:22 am

I personally know nothing about the economy, but observe thinks… and manage manufacturing facility with 50 staff. I had 25 out of 50 working 3 days/week for about 9 months now. I am not looking to return to full capacity any time soon. We manage to maintain this level by getting new business and introducing new products. People seem to be happy to have that they got, they need no pay rises, just happy to have work tomorrow.
 

[simpleParticipant@simpleJoin Date: 2006Post Count: 237]

July 27, 2009 - 11:03 am

I like to keep this thread alive. It is one of the oldest – early warning. I want to see if it will eventuate  and to what degree.

[simpleParticipant@simpleJoin Date: 2006Post Count: 237]

May 9, 2009 - 11:19 am

More questions D,

Is what we observe now in share market and latest news lines a 'dead cat bounce" or sign of bottom?

Top RE already good 20% down, is the bottom to follow any time soon?

Is that just me seeing diamonds (over $20K) starting to loose the value and top cars (BMW, Merc, Bentley) been sold on auction as "unreserved price" ?

More questions than answers…    we shall watch and wait 

[simpleParticipant@simpleJoin Date: 2006Post Count: 237]

March 23, 2009 - 11:12 am

Some one from Austrade told me once:
Wealthy is when your expenses match profits; Rich is when profits exceed expenses. Anything else is a scale up or down.

Talking about where we heading, well how many people have idea of now much construction / infrastructure been going up in the middle east? Dubai alone been building more than whole Australia by many folds. Now all those guys just come to stall 6 months back. You better hold on to something when shock wave will make it thru the world financial system. It appers to take about 12 months, so  "D" may be right about outlook of the end of 2009.

Another one is China, slowing down now and if to come to halt will be a major issue.

My balanced outlook, not worse case scenario is that we will cope more pain for 12-24 months before we will bottom out for a llong time. People simply spent "future" money by means of borrowing, now economy needs time to catch up…

V.

[simpleParticipant@simpleJoin Date: 2006Post Count: 237]

January 19, 2009 - 3:21 am

Welcome to 2009
I see many great opportunities coming up in 12-18 months in RE. With pricing on decline I started sniffing out  RE I am interested in and noted that in reality I can get 10-20% off asking price on the top of official figures of 10% drop for 2008.

We are in for a free fall by the look of thinks. This is great for first home buyers and purchasing IP at the end of cycle.  

[simpleParticipant@simpleJoin Date: 2006Post Count: 237]

September 11, 2008 - 2:22 am

Once you start getting this kind of discounted RE on the market, it will create chain reaction driving area prices down.  It also create shock waves among those who already sitting on the fence, scaring them and they do further mistakes due to emotional decisions.