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Old Feb 4th 2010, 11:05 pm   #46
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Default Re: Housing bubble in Australia

Average, median or whatever. The thing is, property is way overpriced and people are stretching themselves beyond their means just to get on the ladder. Banks are lending 6-7 times salary to enable this therefore inflating the bubble. The Gov't helped with their boost and by relaxing foreign investment laws.

If it wasn't for the MASSIVE Gov't Stimulus, Australia would have been in recession for the past 3/4 's at least. Signs of it are starting to appear in figures being released now.
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Old Feb 4th 2010, 11:45 pm   #47
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Default Re: Housing bubble in Australia

Some Actual Property Price Changes In My Area (Comparing The Same Property For Each Sale Date):

Land Sale Prices In 4165 Postcode Area

Quote:
Magnetic Pl, Redland Bay $275,000 4/06/2009 700M2
Magnetic Pl, Redland Bay $300,000 16/02/2008 700M2
Dropped By $25,000 In 16 Months

Taffeta Dr, Mount Cotton $226,000 11/08/2009 718M2
Taffeta Dr, Mount Cotton $206,000 10/03/2009 718M2
Increased By $20,000 In 5 Months

Explorers Way, Mount Cotton $290,500 2/06/2009 1,060M2
Explorers Way, Mount Cotton $300,000 16/03/2008 1,060M2
Dropped By $9,500 In 15 Months

Parklane Rd, Victoria Point $317,500 08/01/2009 831M2
Parklane Rd, Victoria Point $325,000 6/03/2008 831M2
Dropped By $7,500 In 10 Months
And 3 Bed Houses

Quote:
Petunia Cres, Mount Cotton $345,000 8/11/2009 323M2
Petunia Cres, Mount Cotton $329,000 2/04/2009 323M2
Increased By $16,000 In 7 Months

Albatross St, Victoria Point $400,000 1/08/2009 600M2
Albatross St, Victoria Point $415,000 27/03/2008 600M2
Dropped By $15,000 In 16 Months

Orana Esp, Victoria Point $804,800 16/09/2009 601M2
Orana Esp, Victoria Point $823,000 26/03/2008 601M2
Dropped By $18,200 In 18 Months
And 4 Bed Houses

Quote:
Blackbutt Ave, Mount Cotton $511,000 1/08/2009 851M2
Blackbutt Ave, Mount Cotton $433,900 12/03/2008 851M2
Increased By $77,100 In 17 Months

Cirrus St, Victoria Point $445,000 12/05/2009 603M2
Cirrus St, Victoria Point $425,000 15/02/2008 603M2
Increased By $20,000 In 15 Months

Albatross St, Victoria Point $450,000 30/09/2009 924M2
Albatross St, Victoria Point $440,000 12/02/2008 924M2
Increased By $10,000 In 20 Months

Muriel St, Redland Bay $635,000 23/03/2009 1,750M2
Muriel St, Redland Bay $785,000 13/02/2008 1,750M2
Dropped By $150,000 In 13 Months
 
Old Feb 4th 2010, 11:51 pm   #48
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Default Re: Housing bubble in Australia

What are people's views on the Euro Fighter?
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Old Feb 4th 2010, 11:55 pm   #49
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Default Re: Housing bubble in Australia

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Originally Posted by Lord_Farquar View Post
What are people's views on the Euro Fighter?
Good move LF - anything is better than the shite being posted in this thread.

It's pretty good BTW.
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Old Feb 5th 2010, 12:36 am   #50
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Default Re: Housing bubble in Australia

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Originally Posted by Lord_Farquar View Post
What are people's views on the Euro Fighter?
A bit cramped and you have to go outside to use the toilet.

Plenty of room for a washing line.
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Old Feb 5th 2010, 12:39 am   #51
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Default Re: Housing bubble in Australia

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A bit cramped and you have to go outside to use the toilet.

Plenty of room for a washing line.
The $ cost per square metre is also pretty high.
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Old Feb 5th 2010, 12:42 am   #52
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Default Re: Housing bubble in Australia

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Originally Posted by Lord_Farquar View Post
The $ cost per square metre is also pretty high.
How much they go for 1kg?
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Old Feb 5th 2010, 12:47 am   #53
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Originally Posted by MartinLuther View Post
A bit cramped and you have to go outside to use the toilet.

Plenty of room for a washing line.
There has also been quite a price hike in those, so much so that one buyer decided against new builds, and went for something older with less facilities.

Sounds like a good plan for some...
 
Old Feb 5th 2010, 12:57 am   #54
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Default Re: Housing bubble in Australia

Why not throw some more proverbial on the fire, http://globaleconomicanalysis.blogsp...-fools-in.html
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Old Feb 5th 2010, 1:00 am   #55
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Default Re: Housing bubble in Australia

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Originally Posted by ABCDiamond View Post
There has also been quite a price hike in those, so much so that one buyer decided against new builds, and went for something older with less facilities.

Sounds like a good plan for some...
I hear they're a lot cheaper if you buy them in the UK though.
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Old Feb 5th 2010, 5:00 am   #56
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Default Re: Housing bubble in Australia

Quote:
Originally Posted by ABCDiamond View Post
There has also been quite a price hike in those, so much so that one buyer decided against new builds, and went for something older with less facilities.

Sounds like a good plan for some...
Hear that they are now leasing it so most can afford to have what they could never buy!
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Old Feb 5th 2010, 5:58 am   #57
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Default Re: Housing bubble in Australia

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Originally Posted by Amazulu View Post
Good move LF - anything is better than the shite being posted in this thread.

It's pretty good BTW.
You've mentioned before that you own a $700k house outright, can i ask, do you also have property investments? You always seemed to get pretty heated when this subject rears it's head.

If you don't like a subject, then why post?

I avoid the racial threads because of exactly this.
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Old Feb 5th 2010, 6:21 am   #58
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Default Re: Housing bubble in Australia

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You've mentioned before that you own a $700k house outright, can i ask, do you also have property investments? You always seemed to get pretty heated when this subject rears it's head.

If you don't like a subject, then why post?

I avoid the racial threads because of exactly this.
I read, but tend not to post in threads about property prices because nobody knows what is going to happen and too many 'experts' have too many opinions (opinions are like assholes etc). I do reserve the right to post the occasional sarcastic or offhand remark though.

I do own my house outright (it's worth more than $700k though) and do have property investments but refuse to discuss them on here - for the above, and other, reasons.

I also try and stay out of racial threads (not always successfully though), mainly because or where I am from - people tend to prejudge me
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Last edited by Amazulu; Feb 5th 2010 at 7:14 am.
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Old Feb 5th 2010, 6:53 am   #59
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Default Re: Housing bubble in Australia

Quote:
Originally Posted by Amazulu View Post
I read, but tend not to post in threads about property prices because nobody knows what is going to happen and too many 'experts' have too many opinions (opinions are like assholes etc). I do reserve the right to post the occasional sarcastic or offhand remark though.

I do own my house outright (it's worth more than $700k though) and do have property investments but refuse to discuss them on here - for the above, and other, reasons.

I also try and stay out of racial threads (not always successfully though), mainly because or where - people tend to prejudge me
Fair comment, thanks for your honesty and reply.

RIGHTO - back to the crystal ball predictions on what's going to happen to property. Looking forward to your sarcastic remarks Amazulu

'Demand for home Loans Dive in January'
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Old Feb 5th 2010, 7:16 am   #60
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Default Re: Housing bubble in Australia

Quote:
Originally Posted by pomtastic View Post
Fair comment, thanks for your honesty and reply.

RIGHTO - back to the crystal ball predictions on what's going to happen to property. Looking forward to your sarcastic remarks Amazulu

'Demand for home Loans Dive in January'
A crystal ball is essential for hose price predictions.
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