OZ BOOM is over?...house prices falling & rates might drop
 

First suggestion that rates might actually FALL!!!...

Rates to fall along with value of homes

I wonder if we'll see signs of 'profit taking', like we do with shares?

Re: OZ BOOM is over?...house prices falling & rates might drop
 

Can't see rates falling anytime soon. Unless China takes a hit...

Re: OZ BOOM is over?...house prices falling & rates might drop
 

Rates won't fall unless Europe as a whole gets into trouble or China stalls.

Re: OZ BOOM is over?...house prices falling & rates might drop
 

And then there's this:

http://au.news.yahoo.com/thewest/a/-...push-up-rates/

Really, no one knows what's going to happen. The day before the dollar was hit and started it's decline to .62 USD, I read an article saying it will hit parity in the next month. I've come to conclusion that even 'experts' can't say what's going to happen.

Re: OZ BOOM is over?...house prices falling & rates might drop
 

Yeha I remember about 2 months back when one analysit predicted more than aprity.

Re: OZ BOOM is over?...house prices falling & rates might drop
 

When a what predicted what?

Re: OZ BOOM is over?...house prices falling & rates might drop
 

No way, especially with inflation is being unruly at present. The point of interest rates rising is to bring home prices under control amongst other things. It seems to be somehow ingrained in the Australian subconscious that house prices should go up quarterly or the sky will fall down.

It kinda shits me that so many people in this country have been brainwashed into thinking property property property. I don't think I know anyone who just owns one house :unsure:

Re: OZ BOOM is over?...house prices falling & rates might drop
 

Economic boom is just like a roller coaster, there comes the top (height) and ultimately everything quickly drops :) Same happend over in UK and USA...

Re: OZ BOOM is over?...house prices falling & rates might drop
 

Exactly the same thing happend in Ireland, everyone wanted to jump on the property bandwagon, (All the banks were telling them to BUY, BUY, BUY!!) and then look what happened, everyone was too greedy and it couldn't go on forever. I know people like that too Centurion, even some who have 3/4/5 properties and they are now f**ked!!!!!!!! I predict property prices will crash in Oz too but when I don't know??:(

Re: OZ BOOM is over?...house prices falling & rates might drop
 

Do you have any other great predictions? :rofl:

Re: OZ BOOM is over?...house prices falling & rates might drop
 

Yeah you get caught in the end!! Sorry!:D

Re: OZ BOOM is over?...house prices falling & rates might drop
 

The housing boom won't end unless OZ goes into recession and that won't happen while China continues to buy up OZ's massive natural resources.

Re: OZ BOOM is over?...house prices falling & rates might drop
 

Ireland doesn't have OZ's massive natural resources to keep its economy out of recession or large numbers of immigrants all wanting to buy houses. Unless China goes into recession l doubt OZ's property prices will collapse.

Re: OZ BOOM is over?...house prices falling & rates might drop
 

Err, it is - bigtime.

Re: OZ BOOM is over?...house prices falling & rates might drop
 

Yes, my sis-in-law has three properties, they bought two in 1999-2000. They have paid off one (they paid 250k for a 4 bed 2 bath - now worth over 600k renting for 400 pw), second one is a town house (paid 300k worth probably 500k now - interest only mortgage; renting for 400 pw). The third is brand new and a lovely house which they bought 2 years ago and live in (they bought the land really cheap and then built the house - total cost around 400k). He can easily cover the mortgage as he was paying much higher rates 2 years ago. I think they should be fine even if the market falls provided they don't invest any more money in RE:unsure: I couldn't be happier for them :)