View Poll Results: Aussie Property prices over the next 6-12 months ?
fall 20% +
68
22.01%
fall 10-20%
65
21.04%
fall 0-10%
72
23.30%
same the same
55
17.80%
rise 0-10%
36
11.65%
rise 10-20%
6
1.94%
rise 20% +
7
2.27%
Voters: 309. You may not vote on this poll
Aussie house prices...a poll
Oct 25th 2008, 6:13 am
#1
pink 'n' bouncy
Thread Starter
Joined: Jul 2006
Location: Zombie nation
Posts: 6,087
Aussie house prices...a poll
Ok then you clever,crystal ball viewing,BE folk whats gonna happen with property prices in the next 6-12 months ?
I want to know if i should buy soon or keep my $5.50 in the bank
Lee
I want to know if i should buy soon or keep my $5.50 in the bank
Lee
Last edited by stuckinblighty; Oct 25th 2008 at 6:17 am.
Oct 25th 2008, 6:17 am
#2
Crazy Cat Lady
Joined: Apr 2004
Posts: 65,493
Re: Aussie house prices...a poll
Some properties will go up slightly, some will come down slightly. Some may go up a lot, others may come down a lot. Hope that helps 
Oct 25th 2008, 6:31 am
#3
pink 'n' bouncy
Thread Starter
Joined: Jul 2006
Location: Zombie nation
Posts: 6,087
Oct 25th 2008, 6:31 am
#4
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Aussie house prices...a poll
Who knows. Who cares.
It is what it is.
It is what it is.
Oct 25th 2008, 6:33 am
#5
pink 'n' bouncy
Thread Starter
Joined: Jul 2006
Location: Zombie nation
Posts: 6,087
Oct 25th 2008, 6:44 am
#6
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Aussie house prices...a poll
Chill. Nobody knows what is going to happen - despite what all the 'experts' on here say.
Whatever happens is out of our control. Nothing you do will have an influence so there is no use worrying about it.
Property should always be seen from a long term viewpoint. I believe that in 10 years time houses will cost a lot more than they do today. If they do not, then something fundamentally bad will have happened to our economy and house prices will be the least of your worries.
Whatever happens is out of our control. Nothing you do will have an influence so there is no use worrying about it.
Property should always be seen from a long term viewpoint. I believe that in 10 years time houses will cost a lot more than they do today. If they do not, then something fundamentally bad will have happened to our economy and house prices will be the least of your worries.
Oct 25th 2008, 6:54 am
#8
pink 'n' bouncy
Thread Starter
Joined: Jul 2006
Location: Zombie nation
Posts: 6,087
Re: Aussie house prices...a poll
Chill. Nobody knows what is going to happen - despite what all the 'experts' on here say.
Whatever happens is out of our control. Nothing you do will have an influence so there is no use worrying about it.
Property should always be seen from a long term viewpoint. I believe that in 10 years time houses will cost a lot more than they do today. If they do not, then something fundamentally bad will have happened to our economy and house prices will be the least of your worries.
Whatever happens is out of our control. Nothing you do will have an influence so there is no use worrying about it.
Property should always be seen from a long term viewpoint. I believe that in 10 years time houses will cost a lot more than they do today. If they do not, then something fundamentally bad will have happened to our economy and house prices will be the least of your worries.
The timing of buying/selling a house is of fundamental importance to your financial position...its all in the timing.
Lee
Oct 25th 2008, 6:57 am
#9
Account Closed
Joined: Jun 2007
Posts: 8,913
Re: Aussie house prices...a poll
Who knows, no-one knows, not even the experts. We will all have to wait and see. That is the only way.
Personally if i saw a house that i liked, then i would buy it.
Personally if i saw a house that i liked, then i would buy it.
Oct 25th 2008, 7:00 am
#10
Forum Regular
Joined: Apr 2005
Location: Tapping
Posts: 104
Re: Aussie house prices...a poll
Large falls almost everywhere, until the median property price mortgage per month is very close to the rental rate for the property.
So I think there is a long way to go down. $500K median down to $300K median. This assumes no massive inflationary rise in wages to raise rents.
This timescale will depend upon how many distressed sellers there are.
2 cents......
Oct 25th 2008, 7:03 am
#11
pink 'n' bouncy
Thread Starter
Joined: Jul 2006
Location: Zombie nation
Posts: 6,087
Re: Aussie house prices...a poll
my non-expert opinion.
Large falls almost everywhere, until the median property price mortgage per month is very close to the rental rate for the property.
So I think there is a long way to go down. $500K median down to $300K median. This assumes no massive inflationary rise in wages to raise rents.
This timescale will depend upon how many distressed sellers there are.
2 cents......
Large falls almost everywhere, until the median property price mortgage per month is very close to the rental rate for the property.
So I think there is a long way to go down. $500K median down to $300K median. This assumes no massive inflationary rise in wages to raise rents.
This timescale will depend upon how many distressed sellers there are.
2 cents......
ta
Lee
Oct 25th 2008, 7:21 am
#12
BE Enthusiast
Joined: Nov 2004
Location: Murrumbeena, Melbourne
Posts: 380
Re: Aussie house prices...a poll
I see it like dominoe's
USA they start falling, credit crunch, UK start falling, Oz will start falling & continue ...
every bubble has to burst someday!?
USA they start falling, credit crunch, UK start falling, Oz will start falling & continue ...
every bubble has to burst someday!?
Oct 25th 2008, 7:28 am
#13
Timelord
Joined: May 2006
Location: Lost in space...
Posts: 2,834
Re: Aussie house prices...a poll
Friend's a property valuer here on the Northern Beaches... reckons at least 20% off everything... I think he knows what he's talking about...
Oct 25th 2008, 7:39 am
#14
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Aussie house prices...a poll
no need to chill my friend but there was no need for your 'who cares' comment.You could say that about any question asked on this forum...so we may as well all pack up and shut the site down!
The timing of buying/selling a house is of fundamental importance to your financial position...its all in the timing.
Lee
The timing of buying/selling a house is of fundamental importance to your financial position...its all in the timing.
Lee
Oct 25th 2008, 8:05 am
#15
pink 'n' bouncy
Thread Starter
Joined: Jul 2006
Location: Zombie nation
Posts: 6,087