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Old Apr 13th 2010, 2:00 pm   #976
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Default Re: Housing bubble in Australia

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Originally Posted by coolshadows View Post
That's because there is an infinite supply of fresh migrants.
Not everything fresh is also green
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Old Apr 13th 2010, 3:29 pm   #977
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Default Re: Housing bubble in Australia

I hope they are going down but they seem to be selling very quickly in my area of inner brisbane at the moment.
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Old Apr 13th 2010, 6:48 pm   #978
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Default Re: Housing bubble in Australia

--------------------------------------------------------------------------------realestate.com.au

ok I'm trying to get my head round this new format there is a tab for sold prices now, there was a property we were looking at and it was up for 430k and it says it sold 385k-455k don't understand what it sold for
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Old Apr 15th 2010, 10:13 am   #979
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Default Re: Housing bubble in Australia

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--------------------------------------------------------------------------------realestate.com.au

ok I'm trying to get my head round this new format there is a tab for sold prices now, there was a property we were looking at and it was up for 430k and it says it sold 385k-455k don't understand what it sold for
I've generally found when agents put in a sold range it sold for the exact midpoint so in your case it would be $420k
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Old Apr 15th 2010, 10:51 pm   #980
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Default Re: Housing bubble in Australia

Interesting article ...

http://www.nytimes.com/2010/04/15/bu...15housing.html

“When people can no longer handle the debt, or when the debt stops growing, prices will come down, and we will face the same deleveraging crisis as in America,” said Mr. Keen. “But the last thing you can say in Australia is that house prices will fall. It’s like saying Jesus is Hindu.”
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Old Apr 15th 2010, 11:04 pm   #981
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Default Re: Housing bubble in Australia

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Interesting article ...

http://www.nytimes.com/2010/04/15/bu...15housing.html
“But the last thing you can say in Australia is that house prices will fall. It’s like saying Jesus is Hindu.”
Or like saying "Is a bear catholic ? Does the pope s**t in the woods ?"
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Old Apr 15th 2010, 11:13 pm   #982
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Default Re: Housing bubble in Australia

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Or like saying "Is a bear catholic ? Does the pope s**t in the woods ?"
The answer to that by the way is...."possibly, but very hard to prove !"

;-)
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Old Apr 16th 2010, 2:43 am   #983
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Default Re: Housing bubble in Australia

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Originally Posted by coolshadows View Post
That's because there is an infinite supply of fresh migrants.
but that's got to dry up, we'll be fresh migrants granted but won't be buying!

£'s will be staying in UK until something better on the exchange rate front.

% of migrants planning to come will either not come, postpone or do same as us and rent, so that pool of buyers will become like a Sydney water reservoir!!
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Old Apr 16th 2010, 2:53 am   #984
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Default Re: Housing bubble in Australia

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so that pool of buyers will become like a Sydney water reservoir!!
what? overflowing?

That's the only reason we got some water down the Murray in SA.
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