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No Ordinary Duck
- Joined
- 14 October 2004
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PANIC!!!
Gee those 40-50% gains will be eroded a few %.
Look on the bright side
OPPORTUNITY!
"Melbourne is a candidate to record price falls in the September or December quarters this year," Mr Christopher said.
These, however, were only likely to be between 1 per cent and 1.5 per cent each quarter.
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?Yes I have a PPOR. Three residential investment properties, 2 units, 3 commercial properties, 4 vacant blocks of residential land and 1 x 15,000sqm residential development site. Also have a 10 unit development under construction of which 6 have sold off the plan.
I am all for RE in any shape or form. Holding costs is the killer when property is not rented or delays in development are caused by bureacracy. Total LVR less than 50% so equity is not an issue.
Sunshine and lollipops all the way for me
My strongest view on house prices is that the extremists -- in both directions -- will continue to be wrong.
...
Most observers can see positives -- including a growing economy and limited new housing supply despite rapid population growth -- and negatives, including higher mortgage rates recently alongside funding stresses and deleveraging in local and global financial systems.
hello,
fantastic effort Trainspotter, superb
thankyou
associate professor robots
I don't know what The Australian and Robertson are playing at with this article. Reasonable & rational doesn't sell newspapers!
It said while 150,000 houses had been built each year since 2005, the population had grown by more than 350,000 a year.
Then there's the collision of Australia's record immigration -- near 300,000 a year recently, about three times the usual -- with our tendency to build only about 150,000 new homes a year.
In 2008-09, 118 196 people were approved to become Australian citizens
The good news is that -- contrary to some claims -- not everyone is overgeared. Some 60 per cent of younger households -- many with steady jobs and good incomes -- do not have a mortgage at all.
Ok, so 300,000 a year recently means "just this year". Ok.. Hope their facts work better for them this week.
Citing changes in federal government policies and uncertain economic conditions, figures furnished by the Australian Bureau of Statistics (ABS) on Wednesday showed that net overseas migration (NOM) to the country reached 305,900 in the past 12 months leading to end of March 2009, and should slide down by end of the year.
Immigration Minister Chris Evans affirmed that the number of people migrating to Australia, which comprised both permanent migrants and long-term temporary migrants, would drop further by 20 percent by the end FY2010 and thanks to government reforms in immigration policies and shifting economic conditions.
He revealed that the immigration department is anticipating that up to 56,000 would drop out from visa applications to enter Australia and basing on the latest available data, "by the end of 2009-2010, we expect the NOM to have fallen to between 230,000 and 250,000."
Citizenship will only be a portion of total permanent immigration. To that must be added permanent residency visas and citizens from the UK and NZ.
I wonder how many people are migrating out of Australia?
...
relevant when talking about supply of dwellings.
On 20 July 2010 at 11:09:20 AM (Canberra time), the resident population of Australia is projected to be:
22,393,075
This projection is based on the estimated resident population at 31 December 2009 and assumes growth since then of:
* one births every 1 minute and 47 seconds,
* one death every 3 minutes and 44 seconds,
* a net gain of one international migration every 1 minute and 54 seconds, leading to
* an overall total population increase of one person every 1 minute and 13 seconds.
just heard a sneak preview for tomorrows herald sun....vic will announce a new AFL ground at a regional city in victoria......I bet its Bendigo...thats where Brumby has a house....
so that should spark an interest in houses...at whatever regional city....
another boom or opportunity for those interested...it will be good for tourism and accommodation providors too
and the train service to Maryborough commenced again.....more good news for those living out in the sweet country air....can travel to the city
again ....good news to invigorate regional towns.....at 2.5 hours it s not for the workers.....but just having access to the city is a great plus
they said Mildura is still waiting for their rail service to resume after a decade....brumby said they were still looking into it....hahahahaha
Buyers continue to have the upper hand; homes selling at auction are not exceeding vendors’ reserves in the same way that they were before Anzac Day.
Have been looking at Bendigo myself actually - the % of renters is higher than elsewhere in Victoria, not too much smaller than Ballarat and it's a half-hour down the road to Heathcote for some of the most consistently high quality shiraz of an region in Australia.just heard a sneak preview for tomorrows herald sun....vic will announce a new AFL ground at a regional city in victoria......I bet its Bendigo...thats where Brumby has a house....
so that should spark an interest in houses...at whatever regional city....
another boom or opportunity for those interested...it will be good for tourism and accommodation providors too
The data represents "a striking deceleration" in the quarterly rate of increase in home values, said Christopher Joye, managing director at Rismark.
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