Boom in market is going, going, gone
Apr 9th 2005, 8:02 am
#1
Lost in BE Cyberspace
Thread Starter
Joined: May 2004
Location: Birkdale QLD
Posts: 7,642
Boom in market is going, going, gone
Theres an article in todays weekend courier mail about the house market in Brisbane. I can't find the article on their website, so I'll type up the main points here.
All typos are © JTL 2005
- Brisbanes auction clearance rate plunged 20% in march, as less than a third of homes that were put under the hammer were sold.
- The average home in the city is now selling for 7.4% less than the asking price
- Takes 71 days to sell a house now, a year ago it took 55.
- If another interest rate rise occurs, house prices could drop 8% (according to PRDNationwide)
- House prices dropped 1.4% from June 2004 to December 2004. Average price now $355,000
- Manly has seen an average price growth of 27% a year over the last 5 years.
Well, thats the highlights of it, if anyone can find a link to the article, please post it ( the article title is the same as this thread title).
Cheers,
JTL
All typos are © JTL 2005
- Brisbanes auction clearance rate plunged 20% in march, as less than a third of homes that were put under the hammer were sold.
- The average home in the city is now selling for 7.4% less than the asking price
- Takes 71 days to sell a house now, a year ago it took 55.
- If another interest rate rise occurs, house prices could drop 8% (according to PRDNationwide)
- House prices dropped 1.4% from June 2004 to December 2004. Average price now $355,000
- Manly has seen an average price growth of 27% a year over the last 5 years.
Well, thats the highlights of it, if anyone can find a link to the article, please post it ( the article title is the same as this thread title).
Cheers,
JTL
Apr 10th 2005, 11:54 pm
#2
Drunken Aussie
Joined: Jun 2003
Location: Brisvegas
Posts: 1,080
Re: Boom in market is going, going, gone
woohoo!! and long may the decline in house prices continue (a cou[ple of years would be good)!!! then maybe i can finally get on the property ladder!
Originally Posted by JackTheLad
Theres an article in todays weekend courier mail about the house market in Brisbane. I can't find the article on their website, so I'll type up the main points here.
All typos are © JTL 2005
- Brisbanes auction clearance rate plunged 20% in march, as less than a third of homes that were put under the hammer were sold.
- The average home in the city is now selling for 7.4% less than the asking price
- Takes 71 days to sell a house now, a year ago it took 55.
- If another interest rate rise occurs, house prices could drop 8% (according to PRDNationwide)
- House prices dropped 1.4% from June 2004 to December 2004. Average price now $355,000
- Manly has seen an average price growth of 27% a year over the last 5 years.
Well, thats the highlights of it, if anyone can find a link to the article, please post it ( the article title is the same as this thread title).
Cheers,
JTL
All typos are © JTL 2005
- Brisbanes auction clearance rate plunged 20% in march, as less than a third of homes that were put under the hammer were sold.
- The average home in the city is now selling for 7.4% less than the asking price
- Takes 71 days to sell a house now, a year ago it took 55.
- If another interest rate rise occurs, house prices could drop 8% (according to PRDNationwide)
- House prices dropped 1.4% from June 2004 to December 2004. Average price now $355,000
- Manly has seen an average price growth of 27% a year over the last 5 years.
Well, thats the highlights of it, if anyone can find a link to the article, please post it ( the article title is the same as this thread title).
Cheers,
JTL
Apr 11th 2005, 9:33 am
#3
Guest
Posts: n/a
Re: Boom in market is going, going, gone
I remember being told to never believe what I read in the paper, well today must be a day to take note of that:
From The Age today:
Property demand continues to grow
April 11, 2005 - 12:00PM
Australian's appetite for property refused to abate, with new figures today showing continued strong demand for housing.
http://www.theage.com.au/articles/20...071891853.html
From The Age today:
Property demand continues to grow
April 11, 2005 - 12:00PM
Australian's appetite for property refused to abate, with new figures today showing continued strong demand for housing.
http://www.theage.com.au/articles/20...071891853.html
Apr 11th 2005, 9:40 am
#4
Guest
Posts: n/a
Re: Boom in market is going, going, gone
and then... another article in the same paper........
Possible property bargains ahead:
April 11, 2005 - 6:24PM
"Home buyers who can handle a rise in interest rates could snatch a bargain as Australia's housing market softens"
http://www.theage.com.au/news/Nation...071906413.html
Possible property bargains ahead:
April 11, 2005 - 6:24PM
"Home buyers who can handle a rise in interest rates could snatch a bargain as Australia's housing market softens"
http://www.theage.com.au/news/Nation...071906413.html
Apr 13th 2005, 10:33 am
#5
Forum Regular
Joined: Jan 2005
Location: Bristol
Posts: 80
Re: Boom in market is going, going, gone
If you like a bit of house price debate, including a bit on Oz, check out www.housepricecrash.co.uk
Also www.firsttimebuyerhelp.co.uk
Also www.firsttimebuyerhelp.co.uk
