Australia 1st and Britain 2nd in the world!!
Nov 29th 2005, 10:00 am
#1
Lost in BE Cyberspace
Thread Starter
Joined: Nov 2003
Location: Scotland
Posts: 7,949
Australia 1st and Britain 2nd in the world!!
In the 'over-valued property market stakes!!
http://www.theaustralian.news.com.au...5E1702,00.html
OzTennis
http://www.theaustralian.news.com.au...5E1702,00.html
OzTennis
Nov 29th 2005, 10:01 am
#2
Fighting my corner
Joined: Aug 2005
Location: Adelaide, South Australia
Posts: 11,948
Re: Australia 1st and Britain 2nd in the world!!
Woohoo! We beat Britain! 
Nov 29th 2005, 10:03 am
#3
Forum Regular
Joined: Apr 2005
Location: Sydney soon
Posts: 296
Re: Australia 1st and Britain 2nd in the world!!
Originally Posted by OzTennis
In the 'over-valued property market stakes!!
http://www.theaustralian.news.com.au...5E1702,00.html
OzTennis
http://www.theaustralian.news.com.au...5E1702,00.html
OzTennis
Ouch!
The OECD found the estimated over-valuation of Australian homes in 2004 was 51.8 per cent. The next highest over-valuation was in Britain at 32.8 per cent.
Nov 29th 2005, 10:11 am
#4
BE Enthusiast
Joined: Sep 2004
Location: Melbourne - the worlds most livable city
Posts: 964
Re: Australia 1st and Britain 2nd in the world!!
Originally Posted by OzTennis
In the 'over-valued property market stakes!!
http://www.theaustralian.news.com.au...5E1702,00.html
OzTennis
http://www.theaustralian.news.com.au...5E1702,00.html
OzTennis
Nov 29th 2005, 10:29 am
#5
Lost in BE Cyberspace
Thread Starter
Joined: Nov 2003
Location: Scotland
Posts: 7,949
Re: Australia 1st and Britain 2nd in the world!!
Originally Posted by G'Day
I agree. Anyone who buys in Aus had better do their homework first and then negotiate, negotiate, negotiate.
'My overvalued property is more overvalued than your overvalued property'.
OzTennis
Nov 29th 2005, 10:33 am
#6
Forum Regular
Joined: Apr 2005
Location: Sydney soon
Posts: 296
Re: Australia 1st and Britain 2nd in the world!!
I think the next couple of years are going to be messy both in the U.K and Oz.
Nov 29th 2005, 10:38 am
#7
What's happening dudes?
Joined: Mar 2004
Location: Bayside Brisbane
Posts: 20,647
Re: Australia 1st and Britain 2nd in the world!!
Glad I sold my overvalued property in the UK last year and haven't bought an overvalued property here yet.
Nov 29th 2005, 10:44 am
#8
Lost in BE Cyberspace
Thread Starter
Joined: Nov 2003
Location: Scotland
Posts: 7,949
Re: Australia 1st and Britain 2nd in the world!!
Originally Posted by wmoore
Glad I sold my overvalued property in the UK last year and haven't bought an overvalued property here yet.
Interestingly there was an item on the TV last night which said that over 2 million UK residents have property in other countries and this was expected to rise to over 4 million by 2010. The 'A Place in the Sun' factor at work.
OzTennis
Nov 29th 2005, 11:06 am
#9
BE Forum Addict
Joined: Aug 2005
Location: Home and proud to be British
Posts: 1,035
Re: Australia 1st and Britain 2nd in the world!!
One of my friends have had to drop $60 to get a buyer...
It seems that the agent they went with has a big habit of over pricing in the hope that there still people with more money than sense.
To all us locals we could tell the house was way over priced but it gets you thinking that if you have just come from another state or country you could easier become a mug!!
Be sure to do your homework.
It seems that the agent they went with has a big habit of over pricing in the hope that there still people with more money than sense.
To all us locals we could tell the house was way over priced but it gets you thinking that if you have just come from another state or country you could easier become a mug!!
Be sure to do your homework.
Nov 29th 2005, 11:09 am
#10
Joined: Jul 2005
Posts: 1,487
Re: Australia 1st and Britain 2nd in the world!!
So what was that other thread about the Eastern States of Oz have hit their housing price lows, whereas Perth has hit its peak.
Can you generalize about the housing market in the entire country?
Can you generalize about the housing market in the entire country?
Nov 29th 2005, 9:13 pm
#11
Joined: Sep 2005
Posts: 715
Re: Australia 1st and Britain 2nd in the world!!
So new arrivals - rent or buy in Oz folks??????
Do let me in on the secret.
MMum
Do let me in on the secret.
MMum
Nov 29th 2005, 9:41 pm
#12
BE Forum Addict
Joined: Oct 2005
Location: In a house
Posts: 2,590
Re: Australia 1st and Britain 2nd in the world!!
Originally Posted by Vash the Stampede
Woohoo! We beat Britain!
Vash if you live in Britain how would you beat Britain?
Nov 29th 2005, 9:55 pm
#13
Joined: Sep 2005
Posts: 715
Re: Australia 1st and Britain 2nd in the world!!
Originally Posted by Australia_bound?
Vash if you live in Britain how would you beat Britain?
Nov 29th 2005, 10:02 pm
#14
BE Forum Addict
Joined: Oct 2005
Location: In a house
Posts: 2,590
Re: Australia 1st and Britain 2nd in the world!!
Originally Posted by merlotsmum
He owns a home in Oz I understand
My neighbour owns a home in France but would not class himself as french lol
Nov 29th 2005, 10:07 pm
#15
Joined: Sep 2005
Posts: 715
Re: Australia 1st and Britain 2nd in the world!!
Originally Posted by Australia_bound?
My neighbour owns a home in France but would not class himself as french lol