The Melbourne thread
Feb 8th 2011, 2:10 am
#1021
BE Enthusiast
Joined: Mar 2009
Location: SE suburbs,Vic
Posts: 828
Re: The Melbourne thread
I meant [no. of investors / no. of those looking to buy a house (but are forced to rent by outrageous house prices)], my guess was this propotion is 1/5 i.e. 80% but it may even be more perhaps 1/7.
Feb 8th 2011, 2:14 am
#1022
BE Enthusiast
Joined: Mar 2009
Location: SE suburbs,Vic
Posts: 828
Re: The Melbourne thread
Read here what China is capable of http://www.theage.com.au/business/cr...128-1a8b8.html
Last edited by mpgrewal; Feb 8th 2011 at 2:17 am. Reason: provided link
Feb 8th 2011, 2:23 am
#1023
Melbourne - NE suburbs
Joined: Jun 2008
Posts: 1,032
Re: The Melbourne thread
No, I am a fan of Chinese people. I believe China will overtake US very soon as the most respected country in the world. Read that they are building 200 new hi-tech cities in coming 20 years
Read here what China is capable of http://www.theage.com.au/business/cr...128-1a8b8.html
Read here what China is capable of http://www.theage.com.au/business/cr...128-1a8b8.html
Aus can certainly improve on its record (there is always room for improvement) but we are LIGHT YEARS ahead of China on those measurements. That is why I choose to live here.
Feb 8th 2011, 2:24 am
#1024
Forum Regular
Joined: Nov 2010
Posts: 89
Re: The Melbourne thread
Another friend lived in an upmarket block in the city for 12 years and has recently sold and moved back to Brighton as the demographic of the owners was changing and they were beginning to feel that the body corporate could not longer operate to the benefit of the resident owners. Who did they sell to Indian people who were resident overseas for a residence for their children whilst at Uni. It was not a cheap apartment six figures.
House prices are high when the economy can withstand it; simple as that. Overseas earnings are part of the Australian economic picture, overseas ownership goes hand in hand with that.
Feb 8th 2011, 2:29 am
#1025
Forum Regular
Joined: Nov 2010
Posts: 89
Re: The Melbourne thread
This reads as - for each investment property purchased,5 to 8 households have to seek rental accomodation?
That simply doesn't make any sense.
Feb 18th 2011, 7:45 am
#1026
Melbourne - NE suburbs
Joined: Jun 2008
Posts: 1,032
Re: The Melbourne thread
Feb 18th 2011, 8:18 am
#1027
Rhino with a big horn!
Joined: Feb 2011
Posts: 3,117
Re: The Melbourne thread
Bangholme is still my favourite. Especially when said with a pelvic thrust.
Feb 18th 2011, 8:46 am
#1028
Victorian Evangelist
Joined: Sep 2005
Location: Melbourne, by the beach, living the dream.
Posts: 7,704
Feb 18th 2011, 8:50 pm
#1029
Lost in BE Cyberspace
Joined: Feb 2005
Posts: 15,526
Re: The Melbourne thread
I've said this one before, but it's worth repeating on the smut side of things.
"Pakenham upper"
"Pakenham upper"
Feb 18th 2011, 9:34 pm
#1030
Lost in BE Cyberspace
Joined: Oct 2005
Location: Hill overlooking the SE Melbourne suburbs
Posts: 16,622
Feb 19th 2011, 5:24 am
#1031
BE Forum Addict
Joined: Apr 2005
Location: Melbourne
Posts: 4,553
Re: The Melbourne thread
We went to look at a few rental properties and came across this house for sale. This place (as also similar houses down the same road) is renting for $750 p/w and according to the agent, the owner is looking for a minimum of $1.6M PLUS!
We really liked the house but after we did the sums they just didn't add up
http://www.domain.com.au/Property/Fo...did=2008815423
We really liked the house but after we did the sums they just didn't add up
http://www.domain.com.au/Property/Fo...did=2008815423
Feb 19th 2011, 9:54 am
#1032
Victorian Evangelist
Joined: Sep 2005
Location: Melbourne, by the beach, living the dream.
Posts: 7,704
Re: The Melbourne thread
I reckon 1.6 million for a big house on a big block with views in Kew is pretty reasonable!
BB
BB
Feb 19th 2011, 10:18 am
#1033
BE Forum Addict
Joined: Feb 2010
Location: Amongst Melbourne's tall gum trees
Posts: 1,323
Feb 19th 2011, 10:20 am
#1034
BE Forum Addict
Joined: Apr 2005
Location: Melbourne
Posts: 4,553
Re: The Melbourne thread
http://webcache.googleusercontent.co...www.google.com
No, my sums still don't add up, views and size notwithstanding. Especially when I can rent one for $750 p/w or even less
