Housing bubble in Australia
#691
Guest
Posts: n/a
Re: Housing bubble in Australia
It shows to be wary of some figures, without a full picture.
The real figures that I prefer for that suburb are:
Year Median House Price (annualised)
2001 $106,000
2002 $120,000
2003 $132,500
2004 $160,000
2005 $195,000
2006 $270,000
2007 $351,250
2008 $335,000
2009 $357,500
All bumps smoothed out.... with just a tiny dip in 2008.
#692
Guest
Posts: n/a
Re: Housing bubble in Australia
I've seen the house price charts for 2003 - present (with a continual, but moderate increase above inflation, wages etc...), but was wondering how prices had changed before that...
Sourced from ABS:
http://img8.imageshack.us/img8/5663/historicdata.jpg
I'd have to agree that it appears to be a bubble that has shown signs of a gradual deflation. But I'm no expert.
Sourced from ABS:
http://img8.imageshack.us/img8/5663/historicdata.jpg
I'd have to agree that it appears to be a bubble that has shown signs of a gradual deflation. But I'm no expert.
But... we didn't have the Internet to keep us talking about it then...
#695
Re: Housing bubble in Australia
Me either, but I know its a possibilty.
Really I was just making the point in relation to the great ownership debate that this thread's decended into the lender is always owed their money, regarless of how the property performs.
Really I was just making the point in relation to the great ownership debate that this thread's decended into the lender is always owed their money, regarless of how the property performs.
#698
Banned
Joined: May 2007
Location: Sydney
Posts: 564
Re: Housing bubble in Australia
Bullsbrook??? Shouldn't that have read Bulls**t??
#703
Banned
Joined: Jun 2009
Posts: 183
Re: Housing bubble in Australia
Australia has the most inflated property prices in the world!
...and unlike the UK is not short of land either = big falls!
...and unlike the UK is not short of land either = big falls!