Oz property boom deflating
Mar 4th 2004, 7:15 pm
#16
Guest
Posts: n/a
Re: Oz property boom deflating
Originally posted by Kiwipaul
From todays Courier mail.
BRISBANE'S rising house prices have contributed to the biggest quarterly jump in Australia in 14 years, defying concerns of a market downturn.
House prices increased 6 per cent in the three months to December 2003 – the biggest national quarterly increase since the March quarter in 1989 and almost double September's rate.
According to Australian Bureau of Statistics figures, Brisbane's prices were up 12 per cent for the quarter and 35 per cent over the year, beating all other cities in the country.
Sydney recorded a 5.3 per cent jump for the quarter and 15.5 per cent over the year, and Melbourne prices were up 3.8 per cent and 12.5 per cent for the same periods.
Full story
Seems to be the same story that HUP posted but different paper.
From todays Courier mail.
BRISBANE'S rising house prices have contributed to the biggest quarterly jump in Australia in 14 years, defying concerns of a market downturn.
House prices increased 6 per cent in the three months to December 2003 – the biggest national quarterly increase since the March quarter in 1989 and almost double September's rate.
According to Australian Bureau of Statistics figures, Brisbane's prices were up 12 per cent for the quarter and 35 per cent over the year, beating all other cities in the country.
Sydney recorded a 5.3 per cent jump for the quarter and 15.5 per cent over the year, and Melbourne prices were up 3.8 per cent and 12.5 per cent for the same periods.
Full story
Seems to be the same story that HUP posted but different paper.
The quarter results to March 2004 will be the interesting ones.
I have been following property averages in two main areas, NSW Post code 2759 and QLD Post Code 4165
And during the last 6 months to Jan 31st 2004,
2759 has increased by 10%
and 4165 has gone up by 23%
Things have slowed, and only time will really tell what happens next.
Mar 4th 2004, 11:43 pm
#17
Next stop Gold coast
Joined: Jan 2004
Location: Somewhere in Midwales
Posts: 625
Dotty.......How long did you study for this degree in crap?
lots of love plum.
lots of love plum.
Mar 5th 2004, 7:56 am
#18
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Joined: Feb 2002
Location: Dream life UK....
Posts: 2,912
Originally posted by plumber
Dotty.......How long did you study for this degree in crap?
lots of love plum.
Dotty.......How long did you study for this degree in crap?
lots of love plum.
I guess the only answer to that is several million.
Mar 5th 2004, 8:25 am
#19
Next stop Gold coast
Joined: Jan 2004
Location: Somewhere in Midwales
Posts: 625
Your comment's would be more believable if you based them on fact's, not fiction!
all the best plum:lecture:
all the best plum:lecture:
Mar 5th 2004, 8:26 am
#20
Joined: Jun 2003
Posts: 965
Re: Oz property boom deflating
Originally posted by Kiwipaul
Just to put a dampner on things.
That 5% is before tax and if you are on the top rate tax band (approx $60,000) with your earned income, your investment income will be clobered at 49% so your 5% interest works out at 2.5%, just about keeping up with inflation generally.
House inflation is still running in double digets in most areas.
Just to put a dampner on things.
That 5% is before tax and if you are on the top rate tax band (approx $60,000) with your earned income, your investment income will be clobered at 49% so your 5% interest works out at 2.5%, just about keeping up with inflation generally.
House inflation is still running in double digets in most areas.
Maxine
Mar 5th 2004, 8:27 am
#21
Next stop Gold coast
Joined: Jan 2004
Location: Somewhere in Midwales
Posts: 625
even loosely !
Mar 5th 2004, 8:31 am
#22
Next stop Gold coast
Joined: Jan 2004
Location: Somewhere in Midwales
Posts: 625
Don't rattle her cage!
Mar 5th 2004, 8:56 am
#23
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Joined: Feb 2002
Location: Dream life UK....
Posts: 2,912
[QUOTE]Originally posted by plumber
Your comment's would be more believable if you based them on fact's, not fiction!
all the best plum:lecture: [/QUOT E]
You dont like my opinions, so what!, you got pissed off the other day when I explained to you that on the first wednesday of each month the dollar has some wild gains and falls according to currency speculators betting on the dollars reaction to interest rate rises. The dollar/pound is now just about where it was.
Now what are you pissed about, that after living here 10 years I enter a discussion on property prices. So you feel from mid Wales you are more experienced on Bris Property than me, so be it you stick your money where your mouth is and I'll do the same.
My opinion that Bris property will go up at a steady rate is based on my companies research into population growth. Hardly a secret tho is it, I'd say most people living here know SEQld is the fastest growing area in OZ, and predicted to be the boom state over the next 3 years.
Why do I say property went up between 30% 80% a year the last 3 years in SEQ, simply because it did. We own property here thats what happened. As I said nobody expects those % to continue, but I think steady gains will.
Even when we leave OZ later this year, we are keeping some stuff in SE Qld, because some stuff is worth keeping, and after 10 years here I reckon I might know what that is.
I dont come on here shouting the odds about property in Mid wales, but if someone is running a thread on SEQld yes I do feel entitled to chuck my 2 bobs worth in. You dont have to like it, but someone else might.
If my experience of living in OZ annoys you then put me on Ignore.
By the way if you think the housing market is going to crash here why on earth as a plumber are you coming to OZ
Your comment's would be more believable if you based them on fact's, not fiction!
all the best plum:lecture: [/QUOT E]
You dont like my opinions, so what!, you got pissed off the other day when I explained to you that on the first wednesday of each month the dollar has some wild gains and falls according to currency speculators betting on the dollars reaction to interest rate rises. The dollar/pound is now just about where it was.
Now what are you pissed about, that after living here 10 years I enter a discussion on property prices. So you feel from mid Wales you are more experienced on Bris Property than me, so be it you stick your money where your mouth is and I'll do the same.
My opinion that Bris property will go up at a steady rate is based on my companies research into population growth. Hardly a secret tho is it, I'd say most people living here know SEQld is the fastest growing area in OZ, and predicted to be the boom state over the next 3 years.
Why do I say property went up between 30% 80% a year the last 3 years in SEQ, simply because it did. We own property here thats what happened. As I said nobody expects those % to continue, but I think steady gains will.
Even when we leave OZ later this year, we are keeping some stuff in SE Qld, because some stuff is worth keeping, and after 10 years here I reckon I might know what that is.
I dont come on here shouting the odds about property in Mid wales, but if someone is running a thread on SEQld yes I do feel entitled to chuck my 2 bobs worth in. You dont have to like it, but someone else might.
If my experience of living in OZ annoys you then put me on Ignore.
By the way if you think the housing market is going to crash here why on earth as a plumber are you coming to OZ
Mar 5th 2004, 9:05 am
#24
BE Enthusiast
Joined: Feb 2003
Posts: 315
Dear Dotty
My cousin lives in Sydney and works for a property consultant & they are saying exact same as you......a steady rise.
Thanks for the info, it will help some of us!
Cheers
Karen
My cousin lives in Sydney and works for a property consultant & they are saying exact same as you......a steady rise.
Thanks for the info, it will help some of us!
Cheers
Karen
Mar 5th 2004, 9:05 am
#25
Next stop Gold coast
Joined: Jan 2004
Location: Somewhere in Midwales
Posts: 625
Heard of the word........maintenance!:lecture:
Mar 5th 2004, 9:08 am
#26
Joined: Aug 2003
Posts: 11,149
Originally posted by plumber
Heard of the word........maintenance!:lecture:
Heard of the word........maintenance!:lecture:
Mar 5th 2004, 9:19 am
#27
Rocket Scientist
Joined: Aug 2003
Location: Dreamland AKA Brisbane which is a different country to the UK
Posts: 6,911
Originally posted by bondipom
Aussies prefer gaffer tape.
Aussies prefer gaffer tape.
Mar 5th 2004, 9:19 am
#28
Next stop Gold coast
Joined: Jan 2004
Location: Somewhere in Midwales
Posts: 625
What wind's me up about you Dotty , is that you've done nothink but winge about oz during the 2yr's being on this site, and yet you still choose to live there!
At least PB stuck to his conviction's , slagged the place then left
all the best plum
At least PB stuck to his conviction's , slagged the place then left
all the best plum
Mar 5th 2004, 9:22 am
#29
Next stop Gold coast
Joined: Jan 2004
Location: Somewhere in Midwales
Posts: 625
I can think of better uses for gaffer tape (and it's not plumbing)
Mar 5th 2004, 9:24 am
#30
Joined: Aug 2003
Posts: 11,149
Originally posted by plumber
What wind's me up about you Dotty , is that you've done nothink but winge about oz during the 2yr's being on this site, and yet you still choose to live there!
At least PB stuck to his conviction's , slagged the place then left
all the best plum
What wind's me up about you Dotty , is that you've done nothink but winge about oz during the 2yr's being on this site, and yet you still choose to live there!
At least PB stuck to his conviction's , slagged the place then left
all the best plum
