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Housing collapse 2012 for Australia |
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BROOKE
Champion Joined: 07 Mar 2007 Status: Offline Points: 12633 |
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Found,an,article,written,last,week,in,the,Australian,newspaper.
Speaks,about,the,housing,bubble,and,how,our,homes,are,40,percent,over,the,price,they,should.be. Inflated,way,too,high. And,it,too,,predicts,a,huge,correction,to,this,and,homes,will,go,down,40,percent,to,make,it,more,realistic. |
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TIGER
Champion Joined: 23 Feb 2007 Status: Offline Points: 8533 |
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Im more worried about the 2012 solar storm that Nasa has said will happen than housing issues.
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EAD
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margrate
Foal Joined: 13 Sep 2010 Location: usa Status: Offline Points: 17 |
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Hi, Thanks for this information. This try to help it. Good luck ____________________ < ="-" ="text/; =utf-8">< name="ProgId" ="Word.">< name="Generator" ="Microsoft Word 11">< name="Originator" ="Microsoft Word 11">
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Occy22
Champion Joined: 05 Apr 2012 Status: Offline Points: 2091 |
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Is Muffin still laughing at my prediction?
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Occy22
Champion Joined: 05 Apr 2012 Status: Offline Points: 2091 |
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Muffin??
HOUSE prices are falling faster in Melbourne than in any other mainland capital as the market stalls. The price slide is gathering pace: the median Melbourne price is down by 7 per cent in the past year. The median price last month was $477,500 - down more than $35,000 in a year, according to research group RP Data. And Melbourne's army of property investors is also feeling the pain of a weak rental market. Growth in rents was flat in the year to April. The gross rental yield, or annual return, for houses in Melbourne was 3.6 per cent - weaker than the interest rate for a typical internet savings account. It was the weakest yield for any city. The RP Data research echoes figures released yesterday by the Australian Bureau of Statistics, showing that house prices in Melbourne have fallen 2.2 per cent since December. Adding further pressure to the housing sector, the State Government announced yesterday that after June 30 it would scrap its bonus for first homeowners buying newly built properties. The scheme, which is separate from the continuing first homeowners grant, offered buyers a $13,000 bonus for buying newly constructed houses in the city, or $19,500 for regional areas. Economists were doubtful that yesterday's 50-basis-point rate cut from the Reserve Bank would help revive the flagging housing market. CommSec chief economist Craig James said the fall in prices was driven more by a lack of confidence among buyers and builders than by demand and supply issues. He said prices were likely to climb in the second half of the year as interest rates fell, "if confidence returns". "Confidence is the vital ingredient," he said. National Australia Bank chief economist Rob Henderson said interest rate cuts in November and December had done little to support house prices. "Three months after two interest rate cuts, what has happened to house prices? They have fallen," he said. "It doesn't suggest interest rate cuts are much of a panacea for the housing market." |
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max manewer
Champion Joined: 31 Jan 2010 Status: Offline Points: 32947 |
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I predict house prices will start to fall on an odd-numbered day of the month, more than that I couldn't say.
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Guests
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My builder assures me my house will not collapse.....Earthquakes not included.
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Znatchy
Champion Joined: 20 Feb 2008 Location: Australia Status: Offline Points: 5328 |
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Brooke you predicted 40-60% in 2010 for a 2011 fall. We're now in 2012 and you're quoting an article that represents a median price that has dropped approx 7% in 12 months.
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Occy22
Champion Joined: 05 Apr 2012 Status: Offline Points: 2091 |
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Bundy, your builder is probably one of the thousand shonky aussie builders, who build houses here with the cheapest materials possible that termites love.
feel free to post amusing image regarding that. |
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Occy22
Champion Joined: 05 Apr 2012 Status: Offline Points: 2091 |
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znatchy, stay tuned, it aint the end of 2012 yet
since 2010, most of australia has experienced a 20 to 35 percent fall in prices accorded to bureau of statistics. muffin predicted houses prices would actually keep going up. his reasoning was the mythical "supply and demand" theory. wonder how he will accept how wrong that was? |
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Wortel
Champion Joined: 19 Feb 2007 Location: Gold Coast Status: Offline Points: 17050 |
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Can't believe rates are going down.
Home owners had not had their back broken yet. This country sucks. Watch it decline. |
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Guests
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Feel free to leave...I suggest Hungary with broke under your arm.
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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You are such a whinger Wortel,if this country sucks tell me a country that doesn't suck in your opinion.Now that moderator duties aren't keeping you here why don't you move there?
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RED HUNTER
Champion Joined: 21 Jun 2010 Location: PERTH Status: Offline Points: 16334 |
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Two weeks ago, I had a coffee with school friends.
We talked real estate. It was mentioned the market is horribly down. A guy bought a couple of high-rise ,luxury apartments for over a mill. (SOUTH FREMANTLE) Can't even get a bidder over 650,000. He blames the developers....they're the ones that were driving up the crazy prices. Whatever...the scenario is, right now, quick profits are OUT for now.
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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It is unlike Brooke to exaggerate things |
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Wortel
Champion Joined: 19 Feb 2007 Location: Gold Coast Status: Offline Points: 17050 |
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I'm not a home owner.
At least if I moved to South America I'd have a chance. |
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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how did this prediction go, as well as the gold $2000 or dollar 80 cents |
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Fiddlesticks
Champion Joined: 31 Dec 2012 Status: Offline Points: 49963 |
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or the world war 3...
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Panspermia.
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ExceedAndExcel
Champion Joined: 20 Dec 2008 Status: Offline Points: 16244 |
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2012 wasn't a good year for BROOKE was it? This house price prediction was miles off the mark as were the "AUD to fall below USD0.80" clanger. Nearly 18 months since the end of 2012 and we're still around 93c.
These predictions make Maccas "Brisbane house prices up at least 15% in two months" claim sound half sensible. |
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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maccamax
Champion Joined: 19 Jun 2010 Status: Offline Points: 41473 |
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Wiser in hindsight I hope Brook.
$400 rent on Units costing less than $400000 in Suburbs 15K Brisbane North . With House prices on about a par with 2009. Quite a recovery albeit it is up and down like a yo yo here. Sydney is booming so look to increasing prices throughout. Some great buys about, with excellent returns. China agrees with me . |
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Crash
Champion Joined: 03 Jun 2008 Location: Sydney Status: Offline Points: 22802 |
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Don't forget Brooke predicted Westpac would closed it's doors 5 years ago. Brooke also got her family and friends to take their money out of Westpac and even told the TBV to do the same.
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oneonesit
Champion Joined: 06 Aug 2012 Status: Offline Points: 37181 |
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Call me a "Johnny came lately" if you like...I do think housing prices are in for tough times over the next few years |
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Refer ALP Election Promises
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3blindmice
Champion Joined: 22 Oct 2012 Status: Offline Points: 18105 |
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House prices on a par with 2009. Has Maccamax moved to Greece?
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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I bought shares in Westpac then Thxs for the tip Brooke |
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maccamax
Champion Joined: 19 Jun 2010 Status: Offline Points: 41473 |
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Has recovered lately in one spurt and slow now . About on par with my purchase price now. [ Allow I have had 5 years of free rent [ less exes] . The Qld patterns are running true to form. Sydney / Melbourne getting great clearance rates and Building Industry really picking up. >> Supply and Demand will decide the next period and with many off shore Investors , very keen , I see an upward trend will continue for quite a time. Governments don't want a Keating . = lost control in 1988 and even 17% interest rates couldn't stop it. They will slow it with those experiences. Why do people accept, materials, rents and food increases as normal but predict House Prices won't move up . MADNESS |
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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Melbourne has slowed considerably in last 2 weeks from my observation
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maccamax
Champion Joined: 19 Jun 2010 Status: Offline Points: 41473 |
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HOUSE prices in Brisbane have hit a new record high with some suburbs in the sought-after inner-city ring increasing by more than 20 per cent in the last year. St Lucia, Ascot, Auchenflower and Wilston were the best performing suburbs in Brisbane where the prices increased by more than $150,000. Property experts say the Queensland’s southeast had emerged as a powerhouse property market generating solid capital growth for homeowners and putting its southern counterparts to shame |
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maccamax
Champion Joined: 19 Jun 2010 Status: Offline Points: 41473 |
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HOUSE prices in Brisbane have hit a new record high with some suburbs in the the sought-after inner-city ring increasing by more than 20 per cent in the last year. St Lucia, Ascot, Auchenflower and Wilston were the best performing suburbs in Brisbane where the prices increased by more than $150,000. Property experts say the Queensland’s southeast had emerged as a powerhouse property market generating solid capital growth for homeowners and putting its southern counterparts to shame |
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