Sparkys wrote:
My question is who owns the home that the third little pig lived in? A smart investor, that's who.

That seems like more of an answer than a question:)My question is to the post above this. If a lot of inexperienced PIs are playing with the market, wouldn't that make the whole market risky, even for the experienced PIs?

simple wrote:
I value those who been around for some time

<br /:)” title=”>:)” class=”bbcode_smiley” /> I've been around for ages.Actually, I started reading and posting here before I found any bear sites.I still think the same basic logic applies though. It looked like the Aussie housing market was going to correct in 2008 (more than the 5-10%…[Read more]

It's not quite time to resurface it yet.

JackFlash wrote:

ummester wrote:
Difference as I see it is that American confidence in the housing sector is shot. It isn't shot here yet.

Yes it is. It's in the declining house prices, the doubling of properties for sale and the low turnover. Anyone with half a clue knows that this is something different…. you can almost feel it.…[Read more]

JackFlash wrote:
The FEDs with their massive QE programs and near zero interest rates haven't made any difference to the US property markets. Our problem is that we are maxed out on credit. Australian private debt stands at around $1.2 trillion. 60% of that is supposedly residential property debt which is funded by short term international…[Read more]

Scott No Mates wrote:
Lots of 'not much' adds up to quite a bit also may have a lower risk profile which suits piggy 1.

Yea, that makes sense – play it safer.I guess that is why many PIs try to lvr more bottom end property. 2 slum apartments vs a 4 beddy in the burbs for rent.Land banking seems safer still, for the first little piggy though.

I don't get it?In the end, a house, like any thing, is worth what you can sell it for.If the 3rd little pig stays at home, who do the first little pigs sell to?Agree that most want it all and now – that's what got the second little pig in trouble. But, if niether the 2nd or 3rd little pig can afford or want the 1st little pigs house then that…[Read more]

Andysydney wrote:
There should be a rush of buyers to "get in" before the new cut backs apply, forcing prices in the first home bracket to jump.

And then?Ultimately, this descision will increase supply in a market where supply is already above what is required. What happens to the price of established homes in NSW next year?

surely this has to effect the sales potential and ultimately price of established homes.

JackFlash wrote:

ummester wrote:
Seems to me that without a prompt credit injection, at rates borrowers can afford, the market will continue to soften or begin to crash. Question is, where does that credit injection come from?

I tend to agree with most of what you say Unmester, however, credit or should I say easy credit is the primary cause…[Read more]

C2011 wrote:
Interesting… I recently made an offer on a house where the asking price had a + against it. My initial offer was below the asking price. It was rejected, which I can understand, but I thought it was worth a try. I then offered above the asking price. It was also rejected. The agent came back to me with a sale price that was $15k…[Read more]

Jamie M wrote:
I'm surprised to see that they're reporting on Canberra growing at that rate. From where I stand, the market seems a bit flat – but I wouldn't be surprised if things pick up within the next few months.CheersJamie

Canberra seems very up and down – I think because it is a small sample.I think this property observer article is very…[Read more]

simple wrote:
Agree with observation.  Market is stugnant but there is no FEAR there. Vendors not willing to sell with discount, buyers not purchasing at full price anymore. So not many transactions are made.Prices need to start doping or rising to change the situation.  Make your bet

My avatar should give my bet away:)Even if people want to b…[Read more]

macrobusiness has some graphshttp://www.macrobusiness.com.au/2011/08/housing-fall-accelerates/I think Joyce's comments on the RBA's tightening cycle are a little bit irrelevant. If the RBA does lower rates, what guarantee is there that the banks will follow? Credit is becoming harder to obtain for our…[Read more]

abcd1 wrote:
I agree and am one of those buying in qeensland nows a great time to buy when everyone is scared

Buying when everyone is scared is a good idea. I don't think everyone is scared yet though.Buyers obviously are, as stock is rising and prices are softeneing.Vendors aren't really scared yet.

I think your observations fword are based on the circle of friends you keep, as hbbehrendorff's may be. I guess ours all are – it is hard to look beyond our immediate sources of influence to try and get an understanding for a majority that those influences may or may not represent.I do think however, that it doesn't matter what anyone wants, if…[Read more]

ksherwell wrote:
Is it a buyers market?

Not yet but it is getting there.

simple wrote:
Been negative about real estate does not mean been negative generally. Say returns on physical Silver over last 52 weeks been 90%

I would go as far to say that being negative about RE is being positive about Austrlaia's (long term) economic growth.

Catalyst wrote:
My definition of a positively geared property is one where the rent is more than EVERYTHING I paid.

That needs property at less than current prices or rent at more, doesn't it?

BoshyI think the line between pessimism and realism in some instances isn't far off.I tend to agree with hbbehrendorff's suggestion that Australia's current property bubble is the biggest of all time. It is just that most Australian's haven't seen it yet (bubbles don't look like bubbles from the inside, they look hollow rather than fulll and ripe…[Read more]