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Search: Posts Made By: Steve2009
Showing results 1 to 25 of 30
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Forum: Australia
Apr 12th 2010, 6:14 am
Replies: 983
Views: 82,357
Posted By Steve2009

Re: Housing bubble in Australia

Only if the long term value added by the improvements is similar or greater than the cost of the improvements. In a bubble at bubble build prices this is unlikely.
Forum: Australia
Mar 21st 2010, 11:59 pm
Replies: 983
Views: 82,357
Posted By Steve2009

Re: Housing bubble in Australia

I've seen it all before. The mantra of the property zombie is "location, location, location". Yawn.

What makes a location the "right location"? Are we talking topologically here?
Forum: Australia
Mar 21st 2010, 10:36 pm
Replies: 983
Views: 82,357
Posted By Steve2009

Re: Housing bubble in Australia

Australia has no shortage of land.

It's easy to add value in a rising market. Flippers have often done it purely by hoarding stock off plans and selling once built.

The potential of a doer...
Forum: Australia
Mar 21st 2010, 5:34 am
Replies: 983
Views: 82,357
Posted By Steve2009

Re: Housing bubble in Australia

All I can say is lol. If they commented like that on an equity they would be sued not to mention ridiculed.
Forum: Australia
Mar 18th 2010, 5:18 am
Replies: 983
Views: 82,357
Posted By Steve2009

Re: Housing bubble in Australia

Interesting to see the RBA and the ABS disagreeing. The RBA are actively pumping the market, whether they believe in what they are saying or not.
Forum: Australia
Mar 14th 2010, 11:02 pm
Replies: 983
Views: 82,357
Posted By Steve2009

Re: Housing bubble in Australia

What is the material difference between a rental property and a for sale property? A rental property provides housing utility just the same as a purchased property. Sure there is the difference in...
Forum: Australia
Mar 14th 2010, 10:56 pm
Replies: 983
Views: 82,357
Posted By Steve2009

Re: Housing bubble in Australia

40% less land than last year? Have we lost VIC and NT? Can somebody check please?

The RBA seems to have a vested interest in pushing property. This is quite odd and will no doubt come back to bite...
Forum: Australia
Mar 13th 2010, 6:57 am
Replies: 983
Views: 82,357
Posted By Steve2009

Re: Housing bubble in Australia

What has obesity got to do with anything?
Forum: Australia
Mar 11th 2010, 3:33 am
Replies: 983
Views: 82,357
Posted By Steve2009

Re: Housing bubble in Australia

An update regarding vacancy rates in Australia:

This article puts vacancy rate in Australia at 10%...
http://www.hotspotting.com.au/index.php?act=viewArticle&productId=351

This article puts...
Forum: Australia
Mar 10th 2010, 3:34 am
Replies: 983
Views: 82,357
Posted By Steve2009

Re: Housing bubble in Australia

i.e. in economic terms it has provided a housing utility and can be valued accordingly. When the capital valuation becomes detached from the value of that housing utility that is when you have to get...
Forum: Australia
Mar 10th 2010, 1:24 am
Replies: 983
Views: 82,357
Posted By Steve2009

Re: Housing bubble in Australia

History has a habit of repeating itself. These discussions are always highly emotive too. In Ireland our Prime Minister famously told the bears to go kill themselves. :ohmy:
...
Forum: Australia
Mar 10th 2010, 1:02 am
Replies: 983
Views: 82,357
Posted By Steve2009

Re: Housing bubble in Australia

Must be all that Chinese cash floating around.;)
Forum: Australia
Mar 10th 2010, 12:06 am
Replies: 983
Views: 82,357
Posted By Steve2009

Re: Housing bubble in Australia

Mentions of renter-investors:
http://www.news.com.au/money/property/to-rent-or-to-buy-weighing-up-the-options/story-e6frfmd0-1225791188531...
Forum: Australia
Mar 9th 2010, 11:59 pm
Replies: 983
Views: 82,357
Posted By Steve2009

Re: Housing bubble in Australia

Yes, it's true the tax laws are the same for any investment. I believe that it was intended as a hedge against the possibility of a loss on a cash basis. I believe it was intended to encourage...
Forum: Australia
Mar 9th 2010, 11:51 pm
Replies: 983
Views: 82,357
Posted By Steve2009

Re: Housing bubble in Australia

Not entirely correct. I do believe in value investing, that does not necessarily require that the company pay high dividends. It could be that the company could be undervalued versus it's assets.
Forum: Australia
Mar 9th 2010, 11:46 pm
Replies: 983
Views: 82,357
Posted By Steve2009

Re: Housing bubble in Australia

I believe you're correct. From memory, I have a figure of 2% in mind for that study and I'm not sure where I got it from. A 2% increase over compounded over 36 years would give you 100% increase.
Forum: Australia
Mar 9th 2010, 11:36 pm
Replies: 983
Views: 82,357
Posted By Steve2009

Re: Housing bubble in Australia

There is no shortage of properties in Australia:
a) There is no mass of homeless families, they are living somewhere.
b) Statistics show that there are vast under-utilised units and there are...
Forum: Australia
Mar 9th 2010, 10:52 pm
Replies: 983
Views: 82,357
Posted By Steve2009

Re: Housing bubble in Australia

Certainly different to Amsterdam where the average time to double (in real value terms) over the course of a four hundred years study would be 36 years or so.
Forum: Australia
Mar 9th 2010, 10:08 pm
Replies: 983
Views: 82,357
Posted By Steve2009

Re: Housing bubble in Australia

The Amsterdam Study:
http://www.nytimes.com/2006/03/03/world/europe/03iht-tulips.html?_r=1

If you think this thread is long then look at these:...
Forum: Australia
Mar 9th 2010, 10:07 pm
Replies: 983
Views: 82,357
Posted By Steve2009

Re: Housing bubble in Australia

Theres is no shortage of supply in Australia over a third of housing units in Australia have two or more vacant bedrooms as of 2008. There are hundreds of thousands of vacant units in a country with...
Forum: Australia
Mar 9th 2010, 10:03 pm
Replies: 983
Views: 82,357
Posted By Steve2009

Re: Housing bubble in Australia

We have seen land prices heading south in the long term: Japan, USA, Ireland, Netherlands.
Forum: Australia
Mar 9th 2010, 9:51 pm
Replies: 983
Views: 82,357
Posted By Steve2009

Re: Housing bubble in Australia

That's not a correction (crash), that's a pause at best.
http://www.nytimes.com/2010/03/08/opinion/08krugman.html
Forum: Australia
Mar 9th 2010, 8:09 am
Replies: 983
Views: 82,357
Posted By Steve2009

Re: Housing bubble in Australia

Apologies, he replied to my post, I intended to refer to capital value growth.
Forum: Australia
Mar 9th 2010, 7:13 am
Replies: 983
Views: 82,357
Posted By Steve2009

Re: Housing bubble in Australia

He meant they drive prices. Not necessarily the same as growth.
Forum: Australia
Mar 9th 2010, 6:55 am
Replies: 983
Views: 82,357
Posted By Steve2009

Re: Housing bubble in Australia

I've heard it all before. Every country that has a property bubble thinks that they are 'different'. Immigration is not guaranteed, neither is inflation and Australia is not short of land, zoned or...
Showing results 1 to 25 of 30
 
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