pommie bastard

How is an Aussie battler going to afford a home with you lot inflatting the market , them pound things are worth to much when you convert them to micky mouse dollars.

Housing prices go through the roof



CANBERRA

HOUSE prices in Australia's capital cities have posted their biggest annual rise in nearly 13 years, official figures showed today.

The House Price Index, issued quarterly by the Australian Bureau of Statistics showed an average rise of 4.9 per cent in the June quarter and 18.9 per cent for the year to June.

The annual rise was the biggest increase since the September 1989 quarter, the ABS said.

Sydney again posted the biggest annual rise (21.7 per cent), followed by Brisbane (21.3 per cent), Melbourne (19 per cent), Adelaide (17 per cent), Canberra (16.7 per cent), Perth (10.8 per cent), Hobart (7.3 per cent) and Darwin (3.2 per cent).

All capital cities posted rises in the June quarter with Melbourne recording the biggest quarterly increase (7.7 per cent), followed by Sydney and Brisbane (4.2 per cent), Adelaide (4.1 per cent), Perth (2.8 per cent), Canberra (2.4 per cent), Hobart (2.0 per cent) and Darwin (0.5 per cent).

jery_wang

1. Hong Kong property market bubble has burst. It has dropped almost 50% from the peak.

http://special.scmp.com/hkfuture/index.asp7.html
(1 Feb 1999)
Quote: “The Government says property prices have fallen about 50 per cent from their 1997 peak to what it terms competitive levels.�

Nice picture of how property can boom and then bust:

http://www.centanet.com/cci_e.htm

2. Singapore property market bubble has burst too. It has dropped 90% (for private residential) from the peak before Asian financial crisis!

Private Residential Property Index (first chart):
http://spring.ura.gov.sg/lad/ore/rea..._Resi_2Q02.pdf

(You need to enlarge to see the number on the first chart)


So, Beware!! Nothing can last forever……

Thunder Ace

pommie bastard <[email protected]> wrote in message
news:<[email protected]>...
    > How is an Aussie battler going to afford a home with you lot inflatting the market
    > , them pound things are worth to much when you convert them to micky mouse dollars.
    > Housing prices go through the roof

This is huge oportunity for you. If you can raise the finance, start buying now. You
could double your money in no time. Get in there while things are on the up even if
you stretch yourself to the limit and try to get more than one property so you can
still live in one place and sell the others when prices start to reach their peak.
"No pain, no gain". I'm serious here, I know plenty of people in the UK who have made
stacks of cash because they bought at the right time.

Thunder Ace

    > CANBERRA
    > HOUSE prices in Australia's capital cities have posted their biggest annual rise in
    > nearly 13 years, official figures showed today.
    > The House Price Index, issued quarterly by the Australian Bureau of Statistics
    > showed an average rise of 4.9 per cent in the June quarter and 18.9 per cent for
    > the year to June.
    > The annual rise was the biggest increase since the September 1989 quarter, the
    > ABS said.
    > Sydney again posted the biggest annual rise (21.7 per cent), followed by Brisbane
    > (21.3 per cent), Melbourne (19 per cent), Adelaide (17 per cent), Canberra (16.7
    > per cent), Perth (10.8 per cent), Hobart (7.3 per cent) and Darwin (3.2 per cent).
    > All capital cities posted rises in the June quarter with Melbourne recording the
    > biggest quarterly increase (7.7 per cent), followed by Sydney and Brisbane (4.2 per
    > cent), Adelaide (4.1 per cent), Perth (2.8 per cent), Canberra (2.4 per cent),
    > Hobart (2.0 per cent) and Darwin (.5 per cent).
    >