rents vs values – who knows, it should be a free market with the price just beimg whatever it is, but as the market has been distorted so much by an attempt to provide cheap housing to low income houeholds (via subsidisation thru the tax mechanism), I believe that rents are artificially low and prices artificially high. At the end of the day it’s…[Read more]

“Can anyone find a country where housing affordability is worse than Australia?”

a brief search reveals Finland… where the index for Helsinki is 51.3. Various parts of the US as shown in previous posts. I would expect the UK in reality, tho the statistics above left me scratching my head. Must be a nicely presented table of all these countries…[Read more]

Originally posted by dmichie:
foundation asked:
Do you have any idea why Demographia does not seem to include the UK / Europe?
I found some UK figures here:
http://news.bbc.co.uk/1/hi/programmes/inside_money/3132575.stm

Admittedly its a bit out of date (August 2003) but it shows that UK house-price-to-income ratios range from 2.3 (North East) to…[Read more]

not planning to rent this property I hope? just had tenants reckon wreck my floors.

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

presents opportunity for others. One stratgey: with rents set to heat up it would be a good strategy to sell the family home, lock in a 4 years lease on a shiny new apartment before the rents rise too much, then construct a new home when the building market slows down in say 2.5 years time.

http://www.megainvestments.com.au

Extensive list of ‘Off…[Read more]

I thought prices were declining in NSW though, or is that not correct? IF there is a bubble I understand it is deflating anyway.

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

Jeff I looked at the website and it appears an interesting read. Making life altering decisions on these people’s opinions is another matter of course

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

I can’t remember the topic but this post is starting to get interesting…

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

” Re: median prices:
I didn’t say median prices were falling, I was simply making the observation that the gap between house prices and incomes is much larger in Australia than in other countries. Does anyone seriously dispute this?”

I can’t dispute it as I have never really researched it. The Japanese case seems an extreme example. I would say…[Read more]

“the market will have to meet what people in their 20s can afford (and that certainly isn’t the case now)”

sellers don’t set the market price, it is the combination of buyers and sellers. if buyer’s couldn’t afford it the market would fall. whether the only ones buying are boomers is an interesting question i.e. when they all die will the demand…[Read more]

Originally posted by foundation:
as an agent the best deals i come across get offered to our loyal clients and the ones we have a relationship with.
as an agent I would like to add that the main reason we put the best deals to our regular clients is because there is so much scepticism from the public about agents
Now sorry guys, but isn’t the…[Read more]

as an agent I would like to add that the main reason we put the best deals to our regular clients is because there is so much scepticism from the public about agents that it’s just not worth the grief of trying to convince them that a good deal really is a good deal.

ps – agents are people too [baaa]

http://www.megainvestments.com.au

Extensive list…[Read more]

are you just buying and reselling – or do you mean you want to buy the property, hold it long term and claim the GST back?

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

rambling? one of the more sensible posts I have read lately amongst all the boom and gloom.

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

hmm imteresting accounting concept… booking profits from a falling market that you aren’t in – I like it! I might put that one to my bank manager

BHP – I sold way too low… pessimism got the better of me. but the market seems to be topped out anyway (not that I know anything about it)

SS – initially it seems a bit less user friendly but once…[Read more]

“2. Any idiot can make money in a boom but only the smart know how to make PROFITS in a gloom market.
Agreed. Apart from your suggestion to build new houses, do you have any other helpful ideas?”

gees F – are you suggesting you have zero ideas of how to make money in this market? as I posted on SS… I have seen 2 developments this week being…[Read more]

when you cut through all the gobbledegook, the underlying story is property goes up on average over time. Just buy well, ensuring you can service it and in the most tax effective manner you can. Try to think ahead of the market as much as you can and buy at a good price or buy a property in a location likely to grow.

People are always…[Read more]

it has always irked me the tax exemption for religious organisations. my beliefs don’t seem to matter, yet if i slap on a white robe and force my beliefs down peoples throats I may save some tax.

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

country towns are suppose to be the next big shift for the boomers – places like Bridgetown.

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

there was a discussion on SS which in summary said it didn’t display the characterisitics of a town like Kal or Karratha i.e. it isn’t a high rent yield mining town. I haven’t researched the Ravensthorpe story yet so I am not even sure how far from town it is.

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for…[Read more]