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Housing collapse 2012 for Australia |
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maccamax
Champion Joined: 18 Jun 2010 Status: Offline Points: 41473 |
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Your on the ball Doc. . We are always good for a laugh on TBV.
The suggestion of me missing out , amused me. May be the reason I wet myself . Well on the way to 90 , I don't spend time anymore worrying about capital gain. I'm still thrifty tho , That's why I won't go to the Doctors anymore = I'm off to the undertaker next . > Cut out the middle man. |
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ExceedAndExcel
Champion Joined: 20 Dec 2008 Status: Offline Points: 16246 |
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Carina/Carina Heights is an eastern suburb around 7km or so from the CBD. Houses are (or were) predominantly post-war on 600-800sqm blocks. Some blocks even bigger. Lacks modern entertainment and dining precincts that you see in more recently developed suburbs. It is very very similar to Camp Hill which is next door and where I grew up. Over the last 15 years Camp Hill has gone through a phase of renovations, redevelopments, cafes, restaurants etc to the point where it’s now quite sought after. The next domino is the Carina area. It’s already happened a lot since I first bought here 5 years ago but there is more to come. Lots of development, blocks being subdivided left right and centre etc. Another 5yrs or so and it will be similar to what Camp Hill has become. |
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maccamax
Champion Joined: 18 Jun 2010 Status: Offline Points: 41473 |
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Good Timing ... Tonight on 9 . about 7Pm = Brisbane Real Estate attracting Foreign buyers big time for new properties. Catch up as you say Doc . . > The shortage will be when the usual influx comes, from those priced out of the Southern States.
Your percentage gap is a good guide. There is lots of New Properties going up all over the Brisbane Suburbs. I'm at 4035 and it's huge. The gains might be much bigger than I would have guessed now that it has started. One sold in my small complex 465K 2 months ago, previous best 420K . maybe 12/18 months before. |
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Carina sounds more like Bankstown E&E, (without the Radical Islamic Terrorists!) ... and only half the distance to the CBD.
Prime for the renos, KDRs, duplexs, etc., as they are not making a lot of new land subdivisions that close to the city! If you are near good public transport, even better, transport hubs draw the cafes, etc. Can't see anything but good news in the next couple of years ... Av. House price a little below the Brisbane average, at $660k, my tip is 10% p.a. compound growth by Q4 2020 ... you could afford to buy some bitcoins and some shares in a nice yearling in anticipation of your windfall! Not sure about the growth drivers in the 4035 postcode macca - any big employers nearby? ... Uni's, Hospitals, Westfields? ... any one of those helps enormously. Regardless, being further out, you will be closer to the Brisbane entry level prices, at $570k average home price now, simple supply and demand will bring the growth, but possibly at a slightly lower growth rate (competing with areas like The Northern and Southern growth corridors on price for new stock there) ... still 8 or 9% compounding with certainly help you when you want to flog it and live on a yacht with a crew of scantily clad, immoral, nubile sailors in your twilight years! this or this ... at least you will have choices!
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maccamax
Champion Joined: 18 Jun 2010 Status: Offline Points: 41473 |
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LOL = you know how to put some life back into my failing plumbing Doc.
I can look at both pictures now as you worked out. We may as well take advantage of what our crumpet minded Politicians have created over the last 10 Years. |
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maccamax
Champion Joined: 18 Jun 2010 Status: Offline Points: 41473 |
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BTW Doc .. These Residential areas around where I am are going OK>
We do have Peter Dutton looking after us. Suburb Profile Report for Albany Creek QLD (4035) Median price :- HOUSE $579,000 >>> UNIT $397,500 |
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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Property losses mounting: 1 in 4 Melbourne city properties resold at a loss |
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maccamax
Champion Joined: 18 Jun 2010 Status: Offline Points: 41473 |
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BUM... Quick resales . especially Units / apartments , in boom times , usually have a battle recouping purchase prices . OVERSUPPLY is the name of the game.
Come back in 5 years . |
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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You need to work hard to find a property that you can buy and sell at a loss in Sydney, Melbourne or Brisbane, but it can be done, and as macca points out, don't hold for too long!
the one line of any importance in that article;
"Across the nation, profit-making resales continue to outweigh those transacted at a loss." |
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maccamax
Champion Joined: 18 Jun 2010 Status: Offline Points: 41473 |
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Residential property gain in the mentioned Capital Cities has no end with the present migration policies. Some 300,000 migrants this year. When I'm 90 Brisbane Suburbs will have boomed big time as a result of the rush of people , deserting Sydney / Melbourne in droves. Poorly Governed ,Hot Box, shxt House that QLD is . SYDNEY is AUSTRALIA. |
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max manewer
Champion Joined: 30 Jan 2010 Status: Offline Points: 32947 |
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Sydney probably not much cooler these days, macca. Certainly a stinker of a day in Brisbane today, good day to have a pool.
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maccamax
Champion Joined: 18 Jun 2010 Status: Offline Points: 41473 |
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Totally different heat Max... The humidity gets me but I am dodging the grim reaper and my CCF & COPD is the handicap for winning a few Sydney starts. . In better days of course. The word pool makes me laugh = My son & family bragged about their pool , when influencing me to migrate from Sydney. I've only seen it used once in 9 years. One man used to work 6 months of the year putting in pools , installing Pool tables , & of course Spa's. The other 6 months he worked == ( wait for it ) Taking them out. |
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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Melbourne prices predicted to fall by 5% in 2018. Not much considering the gains and they will hopoefully regain the losses eventually, but nobody likes to take a $5 million hit
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oneonesit
Champion Joined: 06 Aug 2012 Status: Offline Points: 37212 |
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Refer ALP Election Promises
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Rosscoe
Champion Joined: 02 Apr 2007 Location: Brisbane Status: Offline Points: 6124 |
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Which suburb is that E&E, the suburb you grew up in? Camp Hill or Coorparoo? Coorparoo has undergone significant change/boom in the last few years! |
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Current Stable - Soul Star & Adivinar + Lady Vega
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ExceedAndExcel
Champion Joined: 20 Dec 2008 Status: Offline Points: 16246 |
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Grew up in Camp Hill Roscoe. Yep Coorparoo is a hive of activity with all the apartment buildings going up for sure. The Coorparoo junction area in particular. Was down at the complex at the old Myer building last week and the shopping precinct looks great. Not sure I’d want to live there (personal preference) but the additional restaurants/entertainment options is definitely a plus. |
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maccamax
Champion Joined: 18 Jun 2010 Status: Offline Points: 41473 |
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Always amusing .. HOUSING COLLAPSE .. Every year since the early 1950's I've heard that prediction. > At that Time a Checkoslav migrant gave me some good advice , so I'm only repeating.
It is easy to lose money investing in anything if you lack common sense. Housing is no different, but better residential property can't go backwards while Migration forces Demand to be greater than Supply. With Australia taking in some 300000 new settlers last year , and not likely to be able to reduce those numbers by much , Residential property , especially in the main Capital Cities & Strong Regional Cities it's = = Full steam ahead. |
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Carioca
Champion Joined: 13 Nov 2015 Status: Offline Points: 21836 |
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Wonder if the Melbourne Premier took Mr Dutton out to dinner last night, would have been a nice night for it, what's happening to our country?
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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https://www.realestate.com.au/news/house-prices-rising-by-more-than-2000-per-day-in-booming-toorak/
MELBOURNE’S richest homeowners are getting richer — some by more than $2000 a day. Toorak and Princes Hill’s median house prices gained more money per day last year than the average Melbourne household earns in weekly wages, the latest CoreLogic data shows. The figures reveal Toorak’s median rose a whopping $2322 per day in the year to September 30 to reach $4.9 million, while Princes Hill’s soared $1668 daily to $1.98 million. Homeowners in three other suburbs watched their property fortunes soar by four-figure sums each day: St Kilda West, up $1506 a day to a $2.42 million median, Carlton, up $1320 daily to $1.465 million, and Flinders, with $1044 daily gains to $1.426 million. Canterbury, Armadale and Mont Albert were also property goldmines for homeowners, chalking up average daily gains of more than $900 in the year-long period, while Collingwood and St Kilda’s median house prices increased more than $850 per day. To offer some perspective, the latest Census data shows the average household in Victoria’s capital earns a weekly pay packet of $1542. CLICK HERE TO FIND OUT HOW YOUR SUBURB PERFORMED |
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maccamax
Champion Joined: 18 Jun 2010 Status: Offline Points: 41473 |
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That statement from the Vic Premier indicates how out of touch he is with everything that is wrong in his State. Would he take his wife for dinner in the area where the Sudanese led gangs are operating. He speaks as if these happenings = don't exist. Our whole Political group present as a very retarded lot.( 1st impressions ) |
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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Sydney, Melbourne in top 5 of the world's most unaffordable cities for housingRead more: http://www.afr.com/real-estate/residential/sydney-melbourne-in-top-5-of-the-worlds-most-unaffordable-cities-for-housing-20160126-gme0r3#ixzz54xA0pPml Follow us: @FinancialReview on Twitter | financialreview on Facebook |
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maccamax
Champion Joined: 18 Jun 2010 Status: Offline Points: 41473 |
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Australia's main Cities will reign in the top group for many moons to come too.
So dependent on migration for growth and most of them wanting the city life will see property values remain solid in these prime residential areas. With our current levels of new settlers from the shxt boxes of the world being unsustainable , The very long term for OZ may well lose it's shine by the time the Climate change hoax disappears .. ( 100- 200 years ) Your usual laugh Whale ... You Listed Tween Heads NSW lololol Medium House price $345 ... Your depriving some other Village of an idiot. |
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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lol keep trying, I posted the table from an AFR article, I did not actually compose the table and i am not an editor |
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maccamax
Champion Joined: 18 Jun 2010 Status: Offline Points: 41473 |
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In other words your just a copy & paste man without any "sauce". Lol I know that's not the right spelling ..... for BRAINS. |
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ExceedAndExcel
Champion Joined: 20 Dec 2008 Status: Offline Points: 16246 |
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Can someone tell this mental defective that the word is “MEDIAN”.
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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in other words you are so desperate to get at me you post pathetic comments endlessly Yes I did not visit each of those localities in Australia and around the world to verify the figures, didn't even do a comparison online. Simply posted an article I thought may be of interest, from a reasonably reputable source AFR. Keep trying though Your mind is really turning to mush, sad, not really |
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maccamax
Champion Joined: 18 Jun 2010 Status: Offline Points: 41473 |
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HELLO --- The plumber has been. TBV's shxt House is in operation again. |
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ExceedAndExcel
Champion Joined: 20 Dec 2008 Status: Offline Points: 16246 |
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It was spilling everywhere with you running rampant. “Medium” house price. What a moron! |
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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well lucky you are here, sht cleaning |
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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pretty soon we may need a medium to contact him |
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