The future of Australian property prices

MR. · 13 July 2010

trainspotter said:
Question for MR and Wsiwyg. Do you own property? Either PPOR or RI ? Got any commercial RE assets to speak of? What about a strata title unit or two? Any vacant land? Maybe a development block? Just interested if you have property as part of your portfolio?

Yes.
PPOR.
No. but by renting I am helping the landlord make his repayments.
No.
No.
No.
No. not including PPOR.

Does this help?
What about you?

UBIQUITOUS said:
What I do know is that it's a buyers market, and buyers are holding off from buying.

Because property might be priced too high for the current and potential upward loan interest rates on offer. I wouldn't be surprised if demand from the speculators has been dropping off of late.

robots said:
hello,

thanks MR. for posting up the data,

just took the weekend off from the responsibilities, i just chilled out, went for a walk, stroked the cats, watched television and listened to some music

thankyou
associate professor robots

Understandable, ya gota try and keep it consistent, rain hail or shine......

MR. · 15 July 2010

http://www.smh.com.au/business/banks-housing-bias-bad-for-economy-nab-banker-20100715-10bwt.html

Joseph Healy, business banking head of National Australia Bank.......
Mr Healy delivered a speech on business lending to the American Chamber of Commerce in Sydney this afternoon..........

In 2000, every $1000 of home lending was matched by roughly the same amount for business. That ratio has since shifted so that today, for every $1000 of home lending, only about $600 is available for business, according to NAB research........

Professor of Economics & Finance at the University of Western Sydney Steve Keen lauded Mr Healy's comments.

''I'm delighted to see somebody in the banking sector come out and say this because it's really about speculation being funded by the banks rather than investment.''

Hear Hear my old friend........

robots · 15 July 2010

hello,

Oh yeah, couple of ordinary refernces there MR.,

Yeah, like NAB one to listen too and Steve who?

Thankyou
Professor Robots

MR. · 16 July 2010

Yeah, what would an NAB business loan manager know about property loans!

Steve, you'd know him better as Kosciusko perhaps, that's how I know him.

robots · 16 July 2010

hello,

good, looks as though all the trolls that have been trolling on this thread have disappeared

so who's buying at the moment, got a bargain, located a bargain or adding value, bumped up the rent?

thankyou
professor robots

robots · 17 July 2010

hello,
Good morning everyone, the weekends come

Anyone know where to get the latest REIV 2010 June Qtr figures?

Oh yeah, have a great day brothers
Thankyou
Associate professor robots

robots · 17 July 2010

hello,

Anyone around?

People probably working on their congratulations post.

Oh well, another quarter results out, the goliath continues

Thankyou
Associate professor robts

kincella · 17 July 2010

Morning Robots,
had a sleep in this morning.....bit tired after supervising some reno's on a country property this week....so am back in town to catch up on some business here, then back to the country next week, for some more R& R and
oversee more reno's.....on a lovely little californian bungalow, in a beautiful tree lined street in the heart of the city...

my mantra of suggesting home buyers and investors go to the outer burbs...seems to be ringing true for the savvy ones...

then there was the article this week, property investors increased borrowing by 47%....thats a whopping amount.....and the other article about investors dumped over a trillion into cash deposits......all that money taken out of the stockmarket....and placed into cash or property.......
...........................................winners and losers there....devalue of the dollar means cash declines in value, whilst property increases the dollar value....
the reality of the property market, makes a huge contradiction to the fairy tales constantly promoted on this forum....
see the extract below.......sth yarra fell 26%, but dandy rose 31%....I consider both burbs to be rather ugly, and sth yarra is full of units, or ugly little workers cottages, but the wannabe crowd want to live there anyway, cause its next door to toorak.....makes them feel good
so there you have it.....an almost 30% fall in one suburb...
yet the median for Melb still increased almost 30% for the year......
I note savvy buyers are heating up the outer suburbs.....

extract follows....

Outer suburbs stay hot in cooling market

Quarterly figures released by the Real Estate Institute of Victoria show the median price in South Yarra fell 26.4 per cent to $1,287,500, down from $1,750,000 in March.

But the median price in multicultural Dandenong was up 31.5 per cent, bayside Rosebud 18 per cent and Broadmeadows by 16.4 per cent.

The property market traditionally slows in winter, but the median house price was $559,000 in the June quarter, 26.8 per cent higher than this time last year.

http://theage.domain.com.au/real-es...tay-hot-in-cooling-market-20100716-10ec0.html

kincella · 17 July 2010

thought I might add some more info on Sth Yarra.....its doubled its price in 7 years....looks to have been a bit erratic by the prices......but then we dont have the info to compare the few stately houses that may have sold, against the hundreds of little workers cottages......
http://www.myrp.com.au/viewFreeRepo...ir=&postcode=3141&email=&fsrName=&widget=true

but look at Dandy....its prices also doubled in the past 7 years.....at the opposite end of the scales, and way out in the burbs.....
http://www.myrp.com.au/viewFreeRepo...ir=&postcode=3175&email=&fsrName=&widget=true

robots · 17 July 2010

hello,
yeah, spot on Kincella

Great effort brothers, reward yourself this weekend

Buy your loved one a special treat.
Thankyou
Associate professor robots

robots · 17 July 2010

hello,

good evening brothers,

will get the auction results out as soon as possible for everybody, should be around 7.30pm

i am nice and refreshed after having last week off from doing the report

oh yeah, PARADISE

thankyou
associate professor robots

kincella · 17 July 2010

Hi Robots,
just bought another pc, for the country retreat....was sharing daughters laptop....but decided I need my own...
its a desktop...but only the size of a large laptop....no tower...just a 18.5"screen, with a full keyboard and mouse...its magic...and trying telstra wireless bb again....

so will just have a pc in each house....with the wireless modem...to go from one to the other...
cheap too...$588 Compaq at Officeworks..in the latest catalogue.....

am considering moving from my toorak pad, live permanently in the country, and work remotely from there, then just travel to Melb to see clients....
will trial that idea for a few months....prefer Melb weather though, its milder...it is more extreme in NE Vic....much hotter in summer and colder in winter..
I might look at Wallan, under an hours drive to the city by freeway...new houses there under 300k's.....or look at bayside....
you just have to be pretty satisfied with the housing market...cannot get much better than this
cheers

robots · 17 July 2010

hello,

Good stuff Kincella, yeah enjoy all that you own man.

Went to Ballarat today to have a wander around, plenty happening. Still plenty at open for inspections for good properties. Those that require work are very hit and miss though.

Thats probably how i am running in the new year, half in St kilda half in Ballarat.

Thankyou
Professor Robots

robots · 17 July 2010

hello,

here it is brothers

oh yeah:
http://www.reiv.com.au/home/inside.asp?ID=162&nav1=1226&nav2=162

fantastic 72% today, gee gone a bit quiet

oh well, footy, winter, people making up graphs,

thankyou
professor robots

robots · 17 July 2010

hello,

sorry i missed that,

prices are dropping next month? Steve Who said what? every house in australia is up for sale? look at Japan? interest rates are going to 25%?

oh yeah, well done brothers

thankyou
professor robots

robots · 18 July 2010

hello,

Good morning everyone, had a great sleep, fantastic dreamtime

must be a bankers meetup on this weekend, oh well

Brumby also building a new section of road out on th western hwy, so much choice
Thankyou
Professor Robots

robots · 18 July 2010

hello,

oh well, sunshine and lollipops brothers

anyone head from Knocker or Ubiquitous?

great day

thankyou
associate professor robots

Bigukraine · 18 July 2010

robots said:
hello,

oh well, sunshine and lollipops brothers

anyone head from Knocker or Ubiquitous?

great day

thankyou
associate professor robots

Had to say hello robots yes sunshine and lollipops and i have mine and yes i think in all states go abit country amazing value and infrastucture around and the one thing you can't buy the good old slower country life style

Fleeta · 19 July 2010

robots said:
hello,

oh well, sunshine and lollipops brothers

anyone head from Knocker or Ubiquitous?

great day

thankyou
associate professor robots

nice results on the weekend bots but personally I still think the increasing levels of stock point to some serious issues in the coming months as these stock levels fail to clear. I also think the economy ticking along nicely will result in increased interest rates this year which will not be a bad thing as a smooth deleveraging process will be beneficial for all. A change in expectations appears to be happening which is great because illusions are created when people are brainwashed.

Congrats on buying in Ballarat, really great spot and you have given yourself a good chance to get a good return given the capital cities currently do not represent great value and rental yields appear much higher in regional areas. If I was living in Oz right now I would be looking in the regional centres for value too.

Quincy · 19 July 2010

Melbourne expected to lead big residential property price falls

A SWAG of Melbourne houses are expected to be put on the market by the end of year.

This will push down prices in what has been Australia's most resilient housing market.

An estimated 35,000 Melbourne houses and apartments will be advertised for sale either privately or by auction in December, according to advisory and forecasting firm SQM Research.

http://www.theaustralian.com.au/new...erty-price-falls/story-e6frg6nf-1225892981410

Hmmm.

The future of Australian property prices

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MR.

robots

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kincella

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Bigukraine

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