Housing bubble in Australia
Feb 4th 2010, 10:05 pm
#46
Banned
Joined: May 2007
Location: Sydney
Posts: 564
Re: Housing bubble in Australia
Average, median or whatever. The thing is, property is way overpriced and people are stretching themselves beyond their means just to get on the ladder. Banks are lending 6-7 times salary to enable this therefore inflating the bubble. The Gov't helped with their boost and by relaxing foreign investment laws.
If it wasn't for the MASSIVE Gov't Stimulus, Australia would have been in recession for the past 3/4 's at least. Signs of it are starting to appear in figures being released now.
If it wasn't for the MASSIVE Gov't Stimulus, Australia would have been in recession for the past 3/4 's at least. Signs of it are starting to appear in figures being released now.
Feb 4th 2010, 10:45 pm
#47
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Posts: n/a
Re: Housing bubble in Australia
Some Actual Property Price Changes In My Area (Comparing The Same Property For Each Sale Date):
Land Sale Prices In 4165 Postcode Area
And 3 Bed Houses
And 4 Bed Houses
Land Sale Prices In 4165 Postcode Area
Magnetic Pl, Redland Bay $275,000 4/06/2009 700M2
Magnetic Pl, Redland Bay $300,000 16/02/2008 700M2
Dropped By $25,000 In 16 Months
Taffeta Dr, Mount Cotton $226,000 11/08/2009 718M2
Taffeta Dr, Mount Cotton $206,000 10/03/2009 718M2
Increased By $20,000 In 5 Months
Explorers Way, Mount Cotton $290,500 2/06/2009 1,060M2
Explorers Way, Mount Cotton $300,000 16/03/2008 1,060M2
Dropped By $9,500 In 15 Months
Parklane Rd, Victoria Point $317,500 08/01/2009 831M2
Parklane Rd, Victoria Point $325,000 6/03/2008 831M2
Dropped By $7,500 In 10 Months
Magnetic Pl, Redland Bay $300,000 16/02/2008 700M2
Dropped By $25,000 In 16 Months
Taffeta Dr, Mount Cotton $226,000 11/08/2009 718M2
Taffeta Dr, Mount Cotton $206,000 10/03/2009 718M2
Increased By $20,000 In 5 Months
Explorers Way, Mount Cotton $290,500 2/06/2009 1,060M2
Explorers Way, Mount Cotton $300,000 16/03/2008 1,060M2
Dropped By $9,500 In 15 Months
Parklane Rd, Victoria Point $317,500 08/01/2009 831M2
Parklane Rd, Victoria Point $325,000 6/03/2008 831M2
Dropped By $7,500 In 10 Months
Petunia Cres, Mount Cotton $345,000 8/11/2009 323M2
Petunia Cres, Mount Cotton $329,000 2/04/2009 323M2
Increased By $16,000 In 7 Months
Albatross St, Victoria Point $400,000 1/08/2009 600M2
Albatross St, Victoria Point $415,000 27/03/2008 600M2
Dropped By $15,000 In 16 Months
Orana Esp, Victoria Point $804,800 16/09/2009 601M2
Orana Esp, Victoria Point $823,000 26/03/2008 601M2
Dropped By $18,200 In 18 Months
Petunia Cres, Mount Cotton $329,000 2/04/2009 323M2
Increased By $16,000 In 7 Months
Albatross St, Victoria Point $400,000 1/08/2009 600M2
Albatross St, Victoria Point $415,000 27/03/2008 600M2
Dropped By $15,000 In 16 Months
Orana Esp, Victoria Point $804,800 16/09/2009 601M2
Orana Esp, Victoria Point $823,000 26/03/2008 601M2
Dropped By $18,200 In 18 Months
Blackbutt Ave, Mount Cotton $511,000 1/08/2009 851M2
Blackbutt Ave, Mount Cotton $433,900 12/03/2008 851M2
Increased By $77,100 In 17 Months
Cirrus St, Victoria Point $445,000 12/05/2009 603M2
Cirrus St, Victoria Point $425,000 15/02/2008 603M2
Increased By $20,000 In 15 Months
Albatross St, Victoria Point $450,000 30/09/2009 924M2
Albatross St, Victoria Point $440,000 12/02/2008 924M2
Increased By $10,000 In 20 Months
Muriel St, Redland Bay $635,000 23/03/2009 1,750M2
Muriel St, Redland Bay $785,000 13/02/2008 1,750M2
Dropped By $150,000 In 13 Months
Blackbutt Ave, Mount Cotton $433,900 12/03/2008 851M2
Increased By $77,100 In 17 Months
Cirrus St, Victoria Point $445,000 12/05/2009 603M2
Cirrus St, Victoria Point $425,000 15/02/2008 603M2
Increased By $20,000 In 15 Months
Albatross St, Victoria Point $450,000 30/09/2009 924M2
Albatross St, Victoria Point $440,000 12/02/2008 924M2
Increased By $10,000 In 20 Months
Muriel St, Redland Bay $635,000 23/03/2009 1,750M2
Muriel St, Redland Bay $785,000 13/02/2008 1,750M2
Dropped By $150,000 In 13 Months
Feb 4th 2010, 10:51 pm
#48
Banned
Joined: Aug 2009
Posts: 2,733
Re: Housing bubble in Australia
What are people's views on the Euro Fighter?
Feb 4th 2010, 10:55 pm
#49
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Feb 4th 2010, 11:47 pm
#53
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Posts: n/a
Re: Housing bubble in Australia
Sounds like a good plan for some...
Feb 4th 2010, 11:57 pm
#54
Forum Regular
Joined: Dec 2009
Location: Fernmount NSW
Posts: 80
Re: Housing bubble in Australia
Why not throw some more proverbial on the fire, http://globaleconomicanalysis.blogsp...-fools-in.html
Feb 5th 2010, 12:00 am
#55
Account Closed
Joined: Jun 2005
Posts: 9,316
Re: Housing bubble in Australia
Feb 5th 2010, 4:00 am
#56
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Joined: May 2007
Location: Sydney
Posts: 564
Re: Housing bubble in Australia
Hear that they are now leasing it so most can afford to have what they could never buy!
Feb 5th 2010, 4:58 am
#57
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Joined: Nov 2009
Location: Dullsville
Posts: 672
Re: Housing bubble in Australia
If you don't like a subject, then why post?
I avoid the racial threads because of exactly this.
Feb 5th 2010, 5:21 am
#58
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Housing bubble in Australia
You've mentioned before that you own a $700k house outright, can i ask, do you also have property investments? You always seemed to get pretty heated when this subject rears it's head.
If you don't like a subject, then why post?
I avoid the racial threads because of exactly this.
If you don't like a subject, then why post?
I avoid the racial threads because of exactly this.
I do own my house outright (it's worth more than $700k though) and do have property investments but refuse to discuss them on here - for the above, and other, reasons.
I also try and stay out of racial threads (not always successfully though), mainly because or where I am from - people tend to prejudge me
Last edited by Amazulu; Feb 5th 2010 at 6:14 am.
Feb 5th 2010, 5:53 am
#59
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Joined: Nov 2009
Location: Dullsville
Posts: 672
Re: Housing bubble in Australia
I read, but tend not to post in threads about property prices because nobody knows what is going to happen and too many 'experts' have too many opinions (opinions are like assholes etc). I do reserve the right to post the occasional sarcastic or offhand remark though.
I do own my house outright (it's worth more than $700k though) and do have property investments but refuse to discuss them on here - for the above, and other, reasons.
I also try and stay out of racial threads (not always successfully though), mainly because or where - people tend to prejudge me
I do own my house outright (it's worth more than $700k though) and do have property investments but refuse to discuss them on here - for the above, and other, reasons.
I also try and stay out of racial threads (not always successfully though), mainly because or where - people tend to prejudge me
RIGHTO - back to the crystal ball predictions on what's going to happen to property. Looking forward to your sarcastic remarks Amazulu
'Demand for home Loans Dive in January'
Feb 5th 2010, 6:16 am
#60
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Housing bubble in Australia
Fair comment, thanks for your honesty and reply.
RIGHTO - back to the crystal ball predictions on what's going to happen to property. Looking forward to your sarcastic remarks Amazulu
'Demand for home Loans Dive in January'
RIGHTO - back to the crystal ball predictions on what's going to happen to property. Looking forward to your sarcastic remarks Amazulu
'Demand for home Loans Dive in January'