The Great Australian Property Swindle
#993
Re: The Great Australian Property Swindle
Thought I better get this in before anyone else does:
(Source).
A well-known housing market pessimist says recent small falls in Australian house prices may prelude bigger drops, as occurred in the US.
The latest home value index from RP Data and Rismark shows that home prices in Australia's capital cities slipped 0.2 per cent in March, 2.1 per cent in the March quarter, and 0.6 per cent over the past 12 months, with non-metropolitan prices having similar declines.
Associate Professor Steve Keen from the University of Western Sydney, who had a famous bet with another economist on house prices falling, says financial crisis-related weakness in the Australian housing market was simply delayed by the Federal Government's First Home Owners Boost, which increased the grant to first time buyers from $7,000 to between $14,000-$21,000.
The latest home value index from RP Data and Rismark shows that home prices in Australia's capital cities slipped 0.2 per cent in March, 2.1 per cent in the March quarter, and 0.6 per cent over the past 12 months, with non-metropolitan prices having similar declines.
Associate Professor Steve Keen from the University of Western Sydney, who had a famous bet with another economist on house prices falling, says financial crisis-related weakness in the Australian housing market was simply delayed by the Federal Government's First Home Owners Boost, which increased the grant to first time buyers from $7,000 to between $14,000-$21,000.
#994
Re: The Great Australian Property Swindle
Where did this global real estate obsession come from in the first place? It occurs to me we are very well stocked on land and builders in this part of the world, there isn't a population boom, most rises took place long before floods and fires...
#995
Re: The Great Australian Property Swindle
#996
Re: The Great Australian Property Swindle
Well said!
#997
Re: The Great Australian Property Swindle
Don't use language like that, it upsets the doom merchants.
Western culture just can't get enough of the wooden/brick boxes and spends all the spare fruit of its labour on one thing. We don't want to invest in shares, bonds or start businesses...we want more houses .
#998
Re: The Great Australian Property Swindle
Saw this one this morning.
http://theage.domain.com.au/real-est...507-1ecv2.html
Although it has probably been affected by the slump I would also suggest that it is a bit ugly.
http://theage.domain.com.au/real-est...507-1ecv2.html
Although it has probably been affected by the slump I would also suggest that it is a bit ugly.
#999
Re: The Great Australian Property Swindle
Saw this one this morning.
http://theage.domain.com.au/real-est...507-1ecv2.html
Although it has probably been affected by the slump I would also suggest that it is a bit ugly.
http://images.theage.com.au/2011/05/..._729-420x0.jpg
http://theage.domain.com.au/real-est...507-1ecv2.html
Although it has probably been affected by the slump I would also suggest that it is a bit ugly.
http://images.theage.com.au/2011/05/..._729-420x0.jpg
#1001
BE Forum Addict
Joined: Mar 2009
Posts: 1,412
Re: The Great Australian Property Swindle
Beauty is in the eye of the beholder, from the one photo I think it could be quite nice in a different setting. On an unrelated note, check out this place in Dublin I saw listed this week...
http://www.irishtimes.com/newspaper/...296137093.html
I love it. Even if it might be out of place.
Edit: full ad here... http://www.myhome.ie/residential/bro...leogue/1376152
http://www.irishtimes.com/newspaper/...296137093.html
I love it. Even if it might be out of place.
Edit: full ad here... http://www.myhome.ie/residential/bro...leogue/1376152
Last edited by Steve2009; May 8th 2011 at 12:39 am.
#1002
Re: The Great Australian Property Swindle
Beauty is in the eye of the beholder, from the one photo I think it could be quite nice in a different setting. On an unrelated note, check out this place in Dublin I saw listed this week...
http://www.irishtimes.com/newspaper/...296137093.html
I love it. Even if it might be out of place.
Edit: full ad here... http://www.myhome.ie/residential/bro...leogue/1376152
http://www.irishtimes.com/newspaper/...296137093.html
I love it. Even if it might be out of place.
Edit: full ad here... http://www.myhome.ie/residential/bro...leogue/1376152
#1003
BE Forum Addict
Joined: Mar 2009
Posts: 1,412
#1004
Re: The Great Australian Property Swindle
Beauty is in the eye of the beholder, from the one photo I think it could be quite nice in a different setting. On an unrelated note, check out this place in Dublin I saw listed this week...
http://www.irishtimes.com/newspaper/...296137093.html
I love it. Even if it might be out of place.
Edit: full ad here... http://www.myhome.ie/residential/bro...leogue/1376152
http://www.irishtimes.com/newspaper/...296137093.html
I love it. Even if it might be out of place.
Edit: full ad here... http://www.myhome.ie/residential/bro...leogue/1376152
No wonder I don't feel like buying anything here...lol
#1005
Re: The Great Australian Property Swindle
You should move there to find your dream home.