Mrproperty, I am sorry I cannot post again all my many posts on this great topic!

Please do a search on subdivision, development, building units etc as you will get stacks of info.

D

Hang on, hang on,

Brisbane was the only capital to record a fall, with house prices slipping 0.1 per cent in the March quarter, but up 9.1 per cent for the year to a median of $451,388.

LOL!

So it isn't really a fall if prices are up for the year?!

They have to have something to measure it against. Doesn't make it right. A lot of scientific theory is….theory. A lot of these figures are…..figures. Doesn't make them mean anything! Put a lot of figures together and then use some journalism, hey presto you have an article……

D

ok Simple. It's good but there is like a huge BUT……………..what about Melbourne? Yeah ok a median of the whole country shows one thing but the article basically banged on about Melbourne being crazy. So the median is down (a little) spread over the country. But individual markets are still rising including the rainy and crazy Melbourne market.

So now what for Melbourne? Anyone got a crystal ball so I know whether to buy in Melbourne or Perth? I need an 18 mth time frame so If the magic 8 ball says "you must seek another path" or "ask again later" can someone let me know so I can plan my whole life around it!

Speculation is getting us nowhere and really quickly. Strategize and run with it, as long as there is enough profit in the deal, the market can drop and the return will still be worth it. If the market drops by a huge amount we are all stuffed and you better board up your windows.

Just my 2 cents (again)

D

FWord so true.

The only good mag/paper was The Bulletin. Gone……the way of an educated argument and freedom of information.

D

This is why it is so important for people to give other perspectives on property. It is very easy to live in a vacuum here with limited (soon to  be more limited) information on other markets and what happens in other countries.

It is great when people like you two GOM and FWord can give us your perspective and stop ordinarily bullish people like me from crying into our tea cups. I have had my spoonful of concrete and have had my toughen up princess moment!

I'm back to the plenty of money out there mindset.

By the way FWord the Herald Sun = lowest common denominator.

D

The only problem is if you actually want to live in one of these areas as an Aussie. Bully for you. I personally would like to live where I live but wont have much chance of even renting here soon. Guess it is my bad luck for being a citizen of this country. Thanks Kaptain KRUDD.

 He should give other political leaders tips on how to sell the shirt off his back, it's made in China anyway.

D

Duckster, it is sad to think that greed will win the day…especially this weekend.

 I saw a snippet on aca or tt (and yes i know it isn't the most accurate journalism) and they highlighted the fact that many higher end properties in good locations were bought by foreign owners who have never lived in them. These properties have been vacant since they day they were purchased.

Australia needs immigration. We have a unique country and we need to import workers who will keep the economy running. These people as well as the current 20 odd million people need somewhere to live. If there are empty houses…….and empty for 10 years, 20 years…..

The houses where I rent have gone up 500k in 6 mths. So you tell me. A million plus neighborhood is not first home buyers. Ok so property can double 7-10 years. The price has doubled in four years with much of the movement in the last 6 mths.

Fine so not everyone can afford or buy blue chip property but…..

Are these OS buyers falsely inflating the market?

Will the price drop when KRUDD flips and changes the laws back?

Are we paying for interest rate hikes that do not need to happen, due to false inflation signals triggered by outside buyers?

At first I was like buh, OS buyers whatever. Now I am watching my particular market get to a point where the median price may well be 2 mil next week.
There has been a sharp spike in prices here and I think the lack of reporting is meaning that the Australian public are being kept in the dark on this.

Time for KRUDD to go. The silence and cover up BS needs to go, along with his Internet Censorship as well.

D