|
House prices stagnate
Oh joy what a great week the Aussies are humbled at sport , the weather is winter as we know it in Australia which is wet and windy , the rubber dollar is still bouncing up.
To top it off house prices are sticking in the UK as the Australian ones are rising and I now have 2 offers on the hovel so only a lotto win to go to make my week. The UK's house prices have stagnated, recording neither growth nor falls during June, a survey from property company Hometrack suggests. The news confirms the trend of the past few months which shows that the housing boom has ended. http://news.bbc.co.uk/1/hi/business/3030142.stm :cool: :beer: :D ;) |
Re: House prices stagnate
Originally posted by pommie bastard Oh joy what a great week the Aussies are humbled at sport , the weather is winter as we know it in Australia which is wet and windy , the rubber dollar is still bouncing up. To top it off house prices are sticking in the UK as the Australian ones are rising and I now have 2 offers on the hovel so only a lotto win to go to make my week. The UK's house prices have stagnated, recording neither growth nor falls during June, a survey from property company Hometrack suggests. The news confirms the trend of the past few months which shows that the housing boom has ended. http://news.bbc.co.uk/1/hi/business/3030142.stm :cool: :beer: :D ;) |
Re: House prices stagnate
Originally posted by The Tooth Fairy With a bit of luck, UK house prices will drop 50% over September rather than dribble away over the next few years. Then we can all sit back and enjoy a nice depression toasting marshmellows under the railway bridge with some good chums. :D :cool: :beer: |
Re: House prices stagnate
Originally posted by The Tooth Fairy With a bit of luck, UK house prices will drop 50% over September rather than dribble away over the next few years. Then we can all sit back and enjoy a nice depression toasting marshmellows under the railway bridge with some good chums. Unlikely to happen though because I don't think we will see high interest rates for quite a looooonnnnnngggg time... |
Re: House prices stagnate
Originally posted by gOD If interest rates went up, people couldn't afford to pay, houses would be repossessed and sold cheaply, creating the downward spiral of a crash. Terrible for those caught in it of course but good for those who can buy afterwards. Unlikely to happen though because I don't think we will see high interest rates for quite a looooonnnnnngggg time... |
Is it not better to buy in a rising market?
Surely buying at the top of the hill just leaves a long way for your value (and hence equity) to roll down? |
Originally posted by PeteY Is it not better to buy in a rising market? Surely buying at the top of the hill just leaves a long way for your value (and hence equity) to roll down? Perth and Brisbane Markets have only really been rising for about 18 months. What happened in OZ was Sydney/Melb really went ahead while Bris/Perth stagnated for almost a decade. Really all that has happened so far is prices have caught up to a realistic level. Both places still look cheap compared to the Big Cities. Land is still going up and people still pay as soon as it is released, no shortage of purchasers so Developers keep on upping the figures. I think Buying in Perth/Bris is still a very safe bet due to the demand and fact prices are still realistic even if they have doubled its only cause they were too cheap before. Would not be at all surprised if they kept on going up for another 12/18 months then levelled out but I doubt if they will drop because the demand is too high. Dont forget OZ has very limited space that people actually want to live in hence the enormous suburban sprawl going hours out of each city. I reckon your money is well safe. |
Originally posted by dotty Perth and Brisbane Markets have only really been rising for about 18 months. What happened in OZ was Sydney/Melb really went ahead while Bris/Perth stagnated for almost a decade. Really all that has happened so far is prices have caught up to a realistic level. Both places still look cheap compared to the Big Cities. Land is still going up and people still pay as soon as it is released, no shortage of purchasers so Developers keep on upping the figures. I think Buying in Perth/Bris is still a very safe bet due to the demand and fact prices are still realistic even if they have doubled its only cause they were too cheap before. Would not be at all surprised if they kept on going up for another 12/18 months then levelled out but I doubt if they will drop because the demand is too high. Dont forget OZ has very limited space that people actually want to live in hence the enormous suburban sprawl going hours out of each city. I reckon your money is well safe. Regarding brissie.....any inside info on areas of the city that might be worth looking at with regards investment? :) |
Originally posted by PeteY Thanks for the tip :) Regarding brissie.....any inside info on areas of the city that might be worth looking at with regards investment? :) For new Suburban housing estate type stuff. North lakes is interesting, its half hour ish from Brisbane, but a major shopping centre is supposed to be going in. That would certainly be a big drawcard to most buyers, it is very suburban "sea of roofs" type stuff but that is very popular here. Land in the low $100,000s now which is cheap. |
| All times are GMT -12. The time now is 4:10 pm. |
Powered by vBulletin: ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.