News just in - man with vested interest says Perth property market recovering
Feb 18th 2009, 11:58 pm
#46
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Joined: Dec 2003
Posts: 2,375
Re: News just in - man with vested interest says Perth property market recovering
30 - 50% ... are you sure?
My opinions only ... I'm sure others disagree and I respect their point of view entirely.
My opinions only ... I'm sure others disagree and I respect their point of view entirely.
Feb 19th 2009, 2:05 am
#48
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Thread Starter
Joined: Jan 2005
Location: Brisbane
Posts: 4,298
Re: News just in - man with vested interest says Perth property market recovering
There's lots of interesting discussion in the comments after this article....
http://www.abc.net.au/news/stories/2...15/2466306.htm
http://www.abc.net.au/news/stories/2...15/2466306.htm
Feb 19th 2009, 2:14 am
#49
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Joined: Jan 2007
Location: Perth, WA
Posts: 365
Re: News just in - man with vested interest says Perth property market recovering
[QUOTE=Three Legs;7299907]Burns has dropped dramatically ...
I've heard of blocks, which a year ago were up for $450K going now for $325 and below ... go figure?
As I mentioned previous, now is the time to invest. Land will not drop again ... I expect things to start picking up again mid-year and beyond ... by picking up, I mean block price increases.
QUOTE]
People who are buying this "now is the time to buy" crap really don't understand what's going on in the big, bad world out there. Many people lost their life savings when mis-sold shares on borrowed money and were then told, in a falling market, that "now is the time to buy" and guess what, shares kept going down and are STILL going down. Individuals lost millions. Mr Norman, of Harvey Norman fame, lost over $1 billion.
If you really want to know what's happening, just do a bit of research and dont listen to people with a vested interest in telling you that "everything's gonna be alright"....(see previous post). Prices here in Mandurah have fallen 25%+ in the last 12 months. They hit a peak about this time a year ago. Developers are going bust coz they cant sell half built houses, investors have left the market in droves, builders cant get finance to keep their companies afloat. Houses are flooding the market & selling in dribbles. And don't kid yourself having a secure job will keep the market bouyant. It won't.
2 houses in my street (owned by estate agents) have been taken off of the market coz there is no-one interested and they were for sale for over 10% less than they cost (new) a year ago. So are other houses that haven't even been lived in !
So come on, get a reality check. You have the advantage of seeing it coming and can act accordingly. Those who are carrying on as if this is a minor blip really are very, very sad indeed.....or are nursing a huge vested interest !!
I'm gonna unsubscribe to this post. I find the ostrich brigade very depressing and the fact that they are STILL singing the same tune 6 months down the line .....well, I never could suffer fools gladly !!
I've heard of blocks, which a year ago were up for $450K going now for $325 and below ... go figure?
As I mentioned previous, now is the time to invest. Land will not drop again ... I expect things to start picking up again mid-year and beyond ... by picking up, I mean block price increases.
QUOTE]
People who are buying this "now is the time to buy" crap really don't understand what's going on in the big, bad world out there. Many people lost their life savings when mis-sold shares on borrowed money and were then told, in a falling market, that "now is the time to buy" and guess what, shares kept going down and are STILL going down. Individuals lost millions. Mr Norman, of Harvey Norman fame, lost over $1 billion.
If you really want to know what's happening, just do a bit of research and dont listen to people with a vested interest in telling you that "everything's gonna be alright"....(see previous post). Prices here in Mandurah have fallen 25%+ in the last 12 months. They hit a peak about this time a year ago. Developers are going bust coz they cant sell half built houses, investors have left the market in droves, builders cant get finance to keep their companies afloat. Houses are flooding the market & selling in dribbles. And don't kid yourself having a secure job will keep the market bouyant. It won't.
2 houses in my street (owned by estate agents) have been taken off of the market coz there is no-one interested and they were for sale for over 10% less than they cost (new) a year ago. So are other houses that haven't even been lived in !
So come on, get a reality check. You have the advantage of seeing it coming and can act accordingly. Those who are carrying on as if this is a minor blip really are very, very sad indeed.....or are nursing a huge vested interest !!
I'm gonna unsubscribe to this post. I find the ostrich brigade very depressing and the fact that they are STILL singing the same tune 6 months down the line .....well, I never could suffer fools gladly !!
Feb 19th 2009, 2:30 am
#50
Forum Regular
Joined: Jan 2008
Location: Perth NOR
Posts: 242
Re: News just in - man with vested interest says Perth property market recovering
[QUOTE=BATS666;7300209]
Absolutely agree with you on your comment - 100%!
There are some very naive folks out there who obviously don't have a clue into what's going on in this economic climate and guess what? - it's going to get alot worse. Wait until a couple more US banks go bankrupt as predicted by both a Harvard and a Princeton economics proffessor on the TV the other week. Not even FHB will be able to get a mortgage without a substancial deposit if this scenario happens.
Burns has dropped dramatically ...
I've heard of blocks, which a year ago were up for $450K going now for $325 and below ... go figure?
As I mentioned previous, now is the time to invest. Land will not drop again ... I expect things to start picking up again mid-year and beyond ... by picking up, I mean block price increases.
QUOTE]
People who are buying this "now is the time to buy" crap really don't understand what's going on in the big, bad world out there. Many people lost their life savings when mis-sold shares on borrowed money and were then told, in a falling market, that "now is the time to buy" and guess what, shares kept going down and are STILL going down. Individuals lost millions. Mr Norman, of Harvey Norman fame, lost over $1 billion.
If you really want to know what's happening, just do a bit of research and dont listen to people with a vested interest in telling you that "everything's gonna be alright"....(see previous post). Prices here in Mandurah have fallen 25%+ in the last 12 months. They hit a peak about this time a year ago. Developers are going bust coz they cant sell half built houses, investors have left the market in droves, builders cant get finance to keep their companies afloat. Houses are flooding the market & selling in dribbles. And don't kid yourself having a secure job will keep the market bouyant. It won't.
2 houses in my street (owned by estate agents) have been taken off of the market coz there is no-one interested and they were for sale for over 10% less than they cost (new) a year ago. So are other houses that haven't even been lived in !
So come on, get a reality check. You have the advantage of seeing it coming and can act accordingly. Those who are carrying on as if this is a minor blip really are very, very sad indeed.....or are nursing a huge vested interest !!
I'm gonna unsubscribe to this post. I find the ostrich brigade very depressing and the fact that they are STILL singing the same tune 6 months down the line .....well, I never could suffer fools gladly !!
I've heard of blocks, which a year ago were up for $450K going now for $325 and below ... go figure?
As I mentioned previous, now is the time to invest. Land will not drop again ... I expect things to start picking up again mid-year and beyond ... by picking up, I mean block price increases.
QUOTE]
People who are buying this "now is the time to buy" crap really don't understand what's going on in the big, bad world out there. Many people lost their life savings when mis-sold shares on borrowed money and were then told, in a falling market, that "now is the time to buy" and guess what, shares kept going down and are STILL going down. Individuals lost millions. Mr Norman, of Harvey Norman fame, lost over $1 billion.
If you really want to know what's happening, just do a bit of research and dont listen to people with a vested interest in telling you that "everything's gonna be alright"....(see previous post). Prices here in Mandurah have fallen 25%+ in the last 12 months. They hit a peak about this time a year ago. Developers are going bust coz they cant sell half built houses, investors have left the market in droves, builders cant get finance to keep their companies afloat. Houses are flooding the market & selling in dribbles. And don't kid yourself having a secure job will keep the market bouyant. It won't.
2 houses in my street (owned by estate agents) have been taken off of the market coz there is no-one interested and they were for sale for over 10% less than they cost (new) a year ago. So are other houses that haven't even been lived in !
So come on, get a reality check. You have the advantage of seeing it coming and can act accordingly. Those who are carrying on as if this is a minor blip really are very, very sad indeed.....or are nursing a huge vested interest !!
I'm gonna unsubscribe to this post. I find the ostrich brigade very depressing and the fact that they are STILL singing the same tune 6 months down the line .....well, I never could suffer fools gladly !!
There are some very naive folks out there who obviously don't have a clue into what's going on in this economic climate and guess what? - it's going to get alot worse. Wait until a couple more US banks go bankrupt as predicted by both a Harvard and a Princeton economics proffessor on the TV the other week. Not even FHB will be able to get a mortgage without a substancial deposit if this scenario happens.
Feb 19th 2009, 3:10 am
#51
Account Open
Thread Starter
Joined: Jan 2005
Location: Brisbane
Posts: 4,298
Re: News just in - man with vested interest says Perth property market recovering
[QUOTE=northernlights;7300254]
Who is FHB?
Absolutely agree with you on your comment - 100%!
There are some very naive folks out there who obviously don't have a clue into what's going on in this economic climate and guess what? - it's going to get alot worse. Wait until a couple more US banks go bankrupt as predicted by both a Harvard and a Princeton economics proffessor on the TV the other week. Not even FHB will be able to get a mortgage without a substancial deposit if this scenario happens.
There are some very naive folks out there who obviously don't have a clue into what's going on in this economic climate and guess what? - it's going to get alot worse. Wait until a couple more US banks go bankrupt as predicted by both a Harvard and a Princeton economics proffessor on the TV the other week. Not even FHB will be able to get a mortgage without a substancial deposit if this scenario happens.
Feb 19th 2009, 4:33 am
#52
Account Closed
Joined: Dec 2003
Posts: 2,375
Re: News just in - man with vested interest says Perth property market recovering
Your opinion is respected, not agreed with, but respected all the same.
[QUOTE=BATS666;7300209]
[QUOTE=BATS666;7300209]
Burns has dropped dramatically ...
I've heard of blocks, which a year ago were up for $450K going now for $325 and below ... go figure?
As I mentioned previous, now is the time to invest. Land will not drop again ... I expect things to start picking up again mid-year and beyond ... by picking up, I mean block price increases.
QUOTE]
People who are buying this "now is the time to buy" crap really don't understand what's going on in the big, bad world out there. Many people lost their life savings when mis-sold shares on borrowed money and were then told, in a falling market, that "now is the time to buy" and guess what, shares kept going down and are STILL going down. Individuals lost millions. Mr Norman, of Harvey Norman fame, lost over $1 billion.
If you really want to know what's happening, just do a bit of research and dont listen to people with a vested interest in telling you that "everything's gonna be alright"....(see previous post). Prices here in Mandurah have fallen 25%+ in the last 12 months. They hit a peak about this time a year ago. Developers are going bust coz they cant sell half built houses, investors have left the market in droves, builders cant get finance to keep their companies afloat. Houses are flooding the market & selling in dribbles. And don't kid yourself having a secure job will keep the market bouyant. It won't.
2 houses in my street (owned by estate agents) have been taken off of the market coz there is no-one interested and they were for sale for over 10% less than they cost (new) a year ago. So are other houses that haven't even been lived in !
So come on, get a reality check. You have the advantage of seeing it coming and can act accordingly. Those who are carrying on as if this is a minor blip really are very, very sad indeed.....or are nursing a huge vested interest !!
I'm gonna unsubscribe to this post. I find the ostrich brigade very depressing and the fact that they are STILL singing the same tune 6 months down the line .....well, I never could suffer fools gladly !!
I've heard of blocks, which a year ago were up for $450K going now for $325 and below ... go figure?
As I mentioned previous, now is the time to invest. Land will not drop again ... I expect things to start picking up again mid-year and beyond ... by picking up, I mean block price increases.
QUOTE]
People who are buying this "now is the time to buy" crap really don't understand what's going on in the big, bad world out there. Many people lost their life savings when mis-sold shares on borrowed money and were then told, in a falling market, that "now is the time to buy" and guess what, shares kept going down and are STILL going down. Individuals lost millions. Mr Norman, of Harvey Norman fame, lost over $1 billion.
If you really want to know what's happening, just do a bit of research and dont listen to people with a vested interest in telling you that "everything's gonna be alright"....(see previous post). Prices here in Mandurah have fallen 25%+ in the last 12 months. They hit a peak about this time a year ago. Developers are going bust coz they cant sell half built houses, investors have left the market in droves, builders cant get finance to keep their companies afloat. Houses are flooding the market & selling in dribbles. And don't kid yourself having a secure job will keep the market bouyant. It won't.
2 houses in my street (owned by estate agents) have been taken off of the market coz there is no-one interested and they were for sale for over 10% less than they cost (new) a year ago. So are other houses that haven't even been lived in !
So come on, get a reality check. You have the advantage of seeing it coming and can act accordingly. Those who are carrying on as if this is a minor blip really are very, very sad indeed.....or are nursing a huge vested interest !!
I'm gonna unsubscribe to this post. I find the ostrich brigade very depressing and the fact that they are STILL singing the same tune 6 months down the line .....well, I never could suffer fools gladly !!
Feb 19th 2009, 4:35 am
#54
Account Closed
Joined: Dec 2003
Posts: 2,375
Re: News just in - man with vested interest says Perth property market recovering
I bet you read the Mail in the UK ... ? 
[QUOTE=northernlights;7300254]
[QUOTE=northernlights;7300254]
Absolutely agree with you on your comment - 100%!
There are some very naive folks out there who obviously don't have a clue into what's going on in this economic climate and guess what? - it's going to get alot worse. Wait until a couple more US banks go bankrupt as predicted by both a Harvard and a Princeton economics proffessor on the TV the other week. Not even FHB will be able to get a mortgage without a substancial deposit if this scenario happens.
There are some very naive folks out there who obviously don't have a clue into what's going on in this economic climate and guess what? - it's going to get alot worse. Wait until a couple more US banks go bankrupt as predicted by both a Harvard and a Princeton economics proffessor on the TV the other week. Not even FHB will be able to get a mortgage without a substancial deposit if this scenario happens.
Feb 19th 2009, 5:37 am
#55
Forum Regular
Joined: Jan 2008
Location: Perth NOR
Posts: 242
Re: News just in - man with vested interest says Perth property market recovering
[QUOTE=Three Legs;7300465]I bet you read the Mail in the UK ... ?
I'm a Sun, Mirror, News of the World, The Times, Sunday Times,Telegraph, New York Times, The West reader - isn't the interweb great! LOL
I'm a Sun, Mirror, News of the World, The Times, Sunday Times,Telegraph, New York Times, The West reader - isn't the interweb great! LOL
Feb 19th 2009, 5:47 am
#56
Forum Regular
Joined: Dec 2006
Location: Randwick
Posts: 208
Re: News just in - man with vested interest says Perth property market recovering
[QUOTE=BATS666;7300209]
Stand up this man and take a bow!!!!!!!!!!!!!
Burns has dropped dramatically ...
I've heard of blocks, which a year ago were up for $450K going now for $325 and below ... go figure?
As I mentioned previous, now is the time to invest. Land will not drop again ... I expect things to start picking up again mid-year and beyond ... by picking up, I mean block price increases.
QUOTE]
People who are buying this "now is the time to buy" crap really don't understand what's going on in the big, bad world out there. Many people lost their life savings when mis-sold shares on borrowed money and were then told, in a falling market, that "now is the time to buy" and guess what, shares kept going down and are STILL going down. Individuals lost millions. Mr Norman, of Harvey Norman fame, lost over $1 billion.
If you really want to know what's happening, just do a bit of research and dont listen to people with a vested interest in telling you that "everything's gonna be alright"....(see previous post). Prices here in Mandurah have fallen 25%+ in the last 12 months. They hit a peak about this time a year ago. Developers are going bust coz they cant sell half built houses, investors have left the market in droves, builders cant get finance to keep their companies afloat. Houses are flooding the market & selling in dribbles. And don't kid yourself having a secure job will keep the market bouyant. It won't.
2 houses in my street (owned by estate agents) have been taken off of the market coz there is no-one interested and they were for sale for over 10% less than they cost (new) a year ago. So are other houses that haven't even been lived in !
So come on, get a reality check. You have the advantage of seeing it coming and can act accordingly. Those who are carrying on as if this is a minor blip really are very, very sad indeed.....or are nursing a huge vested interest !!
I'm gonna unsubscribe to this post. I find the ostrich brigade very depressing and the fact that they are STILL singing the same tune 6 months down the line .....well, I never could suffer fools gladly !!
I've heard of blocks, which a year ago were up for $450K going now for $325 and below ... go figure?
As I mentioned previous, now is the time to invest. Land will not drop again ... I expect things to start picking up again mid-year and beyond ... by picking up, I mean block price increases.
QUOTE]
People who are buying this "now is the time to buy" crap really don't understand what's going on in the big, bad world out there. Many people lost their life savings when mis-sold shares on borrowed money and were then told, in a falling market, that "now is the time to buy" and guess what, shares kept going down and are STILL going down. Individuals lost millions. Mr Norman, of Harvey Norman fame, lost over $1 billion.
If you really want to know what's happening, just do a bit of research and dont listen to people with a vested interest in telling you that "everything's gonna be alright"....(see previous post). Prices here in Mandurah have fallen 25%+ in the last 12 months. They hit a peak about this time a year ago. Developers are going bust coz they cant sell half built houses, investors have left the market in droves, builders cant get finance to keep their companies afloat. Houses are flooding the market & selling in dribbles. And don't kid yourself having a secure job will keep the market bouyant. It won't.
2 houses in my street (owned by estate agents) have been taken off of the market coz there is no-one interested and they were for sale for over 10% less than they cost (new) a year ago. So are other houses that haven't even been lived in !
So come on, get a reality check. You have the advantage of seeing it coming and can act accordingly. Those who are carrying on as if this is a minor blip really are very, very sad indeed.....or are nursing a huge vested interest !!
I'm gonna unsubscribe to this post. I find the ostrich brigade very depressing and the fact that they are STILL singing the same tune 6 months down the line .....well, I never could suffer fools gladly !!
Feb 19th 2009, 5:52 am
#57
Account Closed
Joined: Dec 2003
Posts: 2,375
Re: News just in - man with vested interest says Perth property market recovering
Can I just clarify something here ???
Are 'some' saying land prices are going to fall significantly in the next few months and then interest rates are going to spiral within 3 years ???
Thanks ... I just want to be sure I'm not getting confused
Are 'some' saying land prices are going to fall significantly in the next few months and then interest rates are going to spiral within 3 years ???
Thanks ... I just want to be sure I'm not getting confused
Feb 19th 2009, 7:54 am
#58
Forum Regular
Joined: Dec 2006
Location: Randwick
Posts: 208
Re: News just in - man with vested interest says Perth property market recovering
Down down down.
Feb 19th 2009, 8:03 am
#59
Forum Regular
Joined: Dec 2006
Location: Randwick
Posts: 208
Re: News just in - man with vested interest says Perth property market recovering
Your opinion is respected, not agreed with, but respected all the same, just let it go
