Beware the imminent housing bubble
#16
Account Closed
Joined: Sep 2006
Posts: 4,374
Re: Beware the imminent housing bubble
It seems everyone thinks the Bubble will never pop in Australia and will continue to grow and grow and be the biggest bestest bubble ever.
Soon people wont be able to afford a shed over there or Australia will be full of Millionaires
Lets Hope Australia the Lucky country sorts its self out before it goes snap crackle and POP
Or until i get there get myself a cheap place then ill be happy i want a 10 bed house on the beach with 10acres please
Soon people wont be able to afford a shed over there or Australia will be full of Millionaires
Lets Hope Australia the Lucky country sorts its self out before it goes snap crackle and POP
Or until i get there get myself a cheap place then ill be happy i want a 10 bed house on the beach with 10acres please
#18
221b Baker Street
Joined: Jun 2010
Location: Miles from anywhere, Victoria, Australia.
Posts: 14,125
Re: Beware the imminent housing bubble
We live int shoe box int middle of road. Cost $78,000
#20
221b Baker Street
Joined: Jun 2010
Location: Miles from anywhere, Victoria, Australia.
Posts: 14,125
Re: Beware the imminent housing bubble
Go for it. I think most of us had next to nothing at some point in our lives. I would say that making a go of it here is easier than the UK. Other's will disagree.
#21
Re: Beware the imminent housing bubble
I so agree with what you are saying,i dont think you can live yourlife waiting for the right moment to move or buy or sell ect
We will be moving to the GC in April after waiting for such a longtime,we had sold our house well thought we had at such a good time the rate was 2.60 but it fell through then the market went tits and now we have sold and the rate is not so good but hey we are still coming over.
Will the bubble go who knows if i did i would be bloody rich thats for sure
We will be moving to the GC in April after waiting for such a longtime,we had sold our house well thought we had at such a good time the rate was 2.60 but it fell through then the market went tits and now we have sold and the rate is not so good but hey we are still coming over.
Will the bubble go who knows if i did i would be bloody rich thats for sure
#22
BE Forum Addict
Joined: Mar 2009
Posts: 1,412
Re: Beware the imminent housing bubble
Be careful what you wish for. If the bubble does burst Aus will be an unpleasant place to be for a while. It's hard to know the ramifications of that huge chunk of the economy disappearing but it's unlikely to be pleasant for too many.
#23
Forum Regular
Joined: Feb 2010
Posts: 181
Re: Beware the imminent housing bubble
If you wish to read a very interesting analysis on the housing bubble in Oz;google macrobusiness superblog and then read the article headed 'another troubling bargain'.This is a well worthwhile site for australian economic and financial matters
#24
Re: Beware the imminent housing bubble
It seems everyone thinks the Bubble will never pop in Australia and will continue to grow and grow and be the biggest bestest bubble ever.
Soon people wont be able to afford a shed over there or Australia will be full of Millionaires
Lets Hope Australia the Lucky country sorts its self out before it goes snap crackle and POP
Or until i get there get myself a cheap place then ill be happy i want a 10 bed house on the beach with 10acres please
Soon people wont be able to afford a shed over there or Australia will be full of Millionaires
Lets Hope Australia the Lucky country sorts its self out before it goes snap crackle and POP
Or until i get there get myself a cheap place then ill be happy i want a 10 bed house on the beach with 10acres please
Plenty of people think there is no bubble and that prices will rise steadily or stabilise. Plenty of others think they're due a significant fall. No-one knows for sure and anyone who thinks they can accurately predict a timeline will either be wrong or be lucky-guessing. There are heaps of threads on it going back quite a while.
Once there's more news one way or the other I'm sure there'll be more discussion.
You pays your money (or not) and takes your chances.
#25
BE Forum Addict
Joined: Jul 2010
Posts: 1,253
Re: Beware the imminent housing bubble
I think everyone's currently tired of talking about it, I am for the moment.
Plenty of people think there is no bubble and that prices will rise steadily or stabilise. Plenty of others think they're due a significant fall. No-one knows for sure and anyone who thinks they can accurately predict a timeline will either be wrong or be lucky-guessing. There are heaps of threads on it going back quite a while.
Once there's more news one way or the other I'm sure there'll be more discussion.
You pays your money (or not) and takes your chances.
Plenty of people think there is no bubble and that prices will rise steadily or stabilise. Plenty of others think they're due a significant fall. No-one knows for sure and anyone who thinks they can accurately predict a timeline will either be wrong or be lucky-guessing. There are heaps of threads on it going back quite a while.
Once there's more news one way or the other I'm sure there'll be more discussion.
You pays your money (or not) and takes your chances.
House prices are as unsustainable in Australia as they were in the USA and the UK.
My friend bought a house in the North of England in 2006 for £145,000. The same houses as his on the same street are now on the market for £105,000 and not selling at that price. He is in negative equity but doesn't want to move / sell anyway so not so much of an issue I guess.
#26
BE Forum Addict
Joined: Mar 2009
Posts: 1,412
Re: Beware the imminent housing bubble
My friend bought a house in the North of England in 2006 for £145,000. The same houses as his on the same street are now on the market for £105,000 and not selling at that price. He is in negative equity but doesn't want to move / sell anyway so not so much of an issue I guess.
#28
Lost in BE Cyberspace
Joined: Oct 2005
Location: Hill overlooking the SE Melbourne suburbs
Posts: 16,622
#29
BE Forum Addict
Joined: Mar 2009
Posts: 1,412
Re: Beware the imminent housing bubble
private healthcare
private education
safeguarding parents retirement
safeguarding own retirement
own further education
etc etc.
Much better than keeping your bank manager in sharp suits and $40 lunches.
#30
Lost in BE Cyberspace
Joined: Oct 2005
Location: Hill overlooking the SE Melbourne suburbs
Posts: 16,622
Re: Beware the imminent housing bubble
Indeed. I hope he is in agreement with you.