View Poll Results: How far will house prices fall now Crashman is here?
20%
18
40.91%
30%
7
15.91%
40%
12
27.27%
50%
2
4.55%
60%
5
11.36%
Voters: 44. You may not vote on this poll
How far will houses fall in value to the trough in Oz?
Jul 20th 2011, 6:14 pm
#1
Banned
Thread Starter
Joined: Feb 2008
Posts: 421
How far will houses fall in value to the trough in Oz?
Now the crash is picking up speed in Australia, at last, i reckon we have seen at worst 10% to 15% knocked off the value of the asset class we term a home or to some a hole in the wall ATM, or to many a long term investment........
How far will they go, peak to trough, they were at peak relative to a wage hovering around 50% over priced, could we see, them overshoot on the way down? Leaving many in negative equity trapped, or condemned to a life of slaving away to service the bonus of the w@nk0rs sorry bankers
This is a sad scenario where many were very cleverly tricked into thinking houses only rise in value in Australia. The grants, the media, all very clever, but not now..............
How far will they go, peak to trough, they were at peak relative to a wage hovering around 50% over priced, could we see, them overshoot on the way down? Leaving many in negative equity trapped, or condemned to a life of slaving away to service the bonus of the w@nk0rs sorry bankers
This is a sad scenario where many were very cleverly tricked into thinking houses only rise in value in Australia. The grants, the media, all very clever, but not now..............
Jul 20th 2011, 10:07 pm
#2
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Joined: Sep 2004
Location: London - but only until I can afford to move back to Sydney
Posts: 938
Re: How far will houses fall in value to the trough in Oz?
I think 20 - 30% but they will be stagnant for a long while and with inflation that will effectively knock significantly more off the real value.
Jul 20th 2011, 10:18 pm
#3
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Joined: Jun 2005
Location: Ayr then Hampshire; Now Beaumaris, Melbourne
Posts: 1,034
Re: How far will houses fall in value to the trough in Oz?
This is a sad scenario where many were very cleverly tricked into thinking houses only rise in value in Australia. The grants, the media, all very clever, but not now..............
Anyone who thought house prices would only ever rise was surely being naive.
Anyone who thought house prices would only ever rise was surely being naive.
Jul 20th 2011, 10:48 pm
#4
Rhino with a big horn!
Joined: Feb 2011
Posts: 3,117
Re: How far will houses fall in value to the trough in Oz?
Jul 20th 2011, 11:26 pm
#5
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Joined: Jul 2008
Posts: 823
Re: How far will houses fall in value to the trough in Oz?
Anyone who thinks house prices will fall more than a small nominal amount in a supply constricted environment is deluded, and have no grasp on basic economics. Where's the 10% over next year then back on the rise button?
Jul 20th 2011, 11:29 pm
#6
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Joined: Jun 2005
Location: Ayr then Hampshire; Now Beaumaris, Melbourne
Posts: 1,034
Re: How far will houses fall in value to the trough in Oz?
What's that phrase ? The only things certain in life are death and taxes.
Jul 20th 2011, 11:31 pm
#7
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Joined: Aug 2010
Location: Not Brisbane
Posts: 1,210
Re: How far will houses fall in value to the trough in Oz?
is there an official Australian house price index?
UK has Halifax, Nationwide, land registry and a few others.
UK has Halifax, Nationwide, land registry and a few others.
Jul 20th 2011, 11:45 pm
#8
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: How far will houses fall in value to the trough in Oz?
Now the crash is picking up speed in Australia, at last, i reckon we have seen at worst 10% to 15% knocked off the value of the asset class we term a home or to some a hole in the wall ATM, or to many a long term investment........
How far will they go, peak to trough, they were at peak relative to a wage hovering around 50% over priced, could we see, them overshoot on the way down? Leaving many in negative equity trapped, or condemned to a life of slaving away to service the bonus of the w@nk0rs sorry bankers
This is a sad scenario where many were very cleverly tricked into thinking houses only rise in value in Australia. The grants, the media, all very clever, but not now..............
How far will they go, peak to trough, they were at peak relative to a wage hovering around 50% over priced, could we see, them overshoot on the way down? Leaving many in negative equity trapped, or condemned to a life of slaving away to service the bonus of the w@nk0rs sorry bankers
This is a sad scenario where many were very cleverly tricked into thinking houses only rise in value in Australia. The grants, the media, all very clever, but not now..............
Jul 20th 2011, 11:47 pm
#9
Mostly Harmless
Joined: Jan 2010
Location: Semi-rural wonderworld, Brisbane
Posts: 15,109
Re: How far will houses fall in value to the trough in Oz?
Who cares? We bought a home to live in.
Jul 20th 2011, 11:53 pm
#10
Account Open
Joined: Jan 2005
Location: Brisbane
Posts: 4,298
Re: How far will houses fall in value to the trough in Oz?
There are people on this forum that have been saying for many, many years now that Aus house prices will crash "soon".
But there seem to be less and less posts from them. Some have probably died of old age now, they've been banging on about it for so long.
But there seem to be less and less posts from them. Some have probably died of old age now, they've been banging on about it for so long.
Jul 21st 2011, 12:03 am
#11
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: How far will houses fall in value to the trough in Oz?
ain't that the truth
Jul 21st 2011, 12:04 am
#12
Rhino with a big horn!
Joined: Feb 2011
Posts: 3,117
Re: How far will houses fall in value to the trough in Oz?
It's been rather quiet of late.
Jul 21st 2011, 12:55 am
#13
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Joined: Jul 2008
Location: Westernport Mornington Peninsula
Posts: 1,761
Re: How far will houses fall in value to the trough in Oz?
Really depends on whether employment takes a bit of a dive I would say, people then have to off load the investment property, downsize for a smaller mortgage etc.
So what is happening in China, may be the answer
So what is happening in China, may be the answer
Jul 21st 2011, 1:18 am
#14
Lost in BE Cyberspace
Joined: Oct 2008
Location: Perth
Posts: 6,775
Re: How far will houses fall in value to the trough in Oz?
Or maintains immigration numbers at more sustainable numbers and not flood the country with pretend needed workers as claimed by certain members of the corporate sector.
Jul 21st 2011, 1:53 am
#15
Lost in BE Cyberspace
Joined: Apr 2004
Posts: 10,375
Re: How far will houses fall in value to the trough in Oz?
House prices in the UK were going to drop 40/50/80%
, all that happened was it went back a bit, quickly at first, panic, then most homeowners wont sell at that and sit tight.
There will always be somone whos got into a financial mess and has to sell but the majority just sit it out.
, all that happened was it went back a bit, quickly at first, panic, then most homeowners wont sell at that and sit tight. There will always be somone whos got into a financial mess and has to sell but the majority just sit it out.