I think Australians are BLIND.MIAMI, FLORIDA: HOUSING CRASH 50% OFF!!!!This little video was created about 9 months ago……just think that things have got worse since. http://www.youtube.com/watch?v=tkuW8bCjC6c

I invite you to read this:http://www.smh.com.au/news/national/coughs-and-splutters/2008/06/27/1214472770918.html?page=fullpage#contentSwap2And also this one for our market:http://www.smh.com.au/news/national/house-prices-falling-and-spreading/2008/06/27/1214472770814.htmlIT COULD be a warning sign, or maybe just a blip. Property sales are…[Read more]

There is another reason why prices will drop in many suburbs that are too far from the cities. With soaring petrol prices people can`t keep up anymore to pay the bills and the mortgages so either choose to sell the house and relocate closer to work maybe renting or in a smaller property or they`ll have to quit the job.

BATTLERS in outerlying suburbs are being hit the hardest by rising fuel prices, as their distance from the city leaves them little option in curbing fuel use, an economist says.Westpac senior economist Matthew Hassan says the impact of the latest round of fuel hikes had left two distinct groups of households – those that can and are cutting back…[Read more]

Higher petrol prices could be the straw that breaks the backs of people struggling with their mortgages.http://www.news.com.au/business/money/story/0,25479,23884172-5013951,00.html

http://www.news.com.au/business/money/story/0,25479,23877696-5016110,00.htmlProperty becomes an investment turn-offBy Nicki Bourlioufas June 17, 2008 12:40pm Investors are turning away from property RBA sees "flat" house prices More investing news in our Money section WITH mortgage interest rates sitting at a 12-year high, investors are turning…[Read more]

Maxxi wrote:
It's all relative to income and supply and demand…. and global forces eg immigration and foreign investment just to name a couple.

As far as I know immigration in the USA is way much higher than here, still prices are dropping an average 30 % accross the USA.You simply don`t get it:  once prices goes too high, they need to come…[Read more]

Scamp wrote:
So why should houseprices not go up further you say ? The answer is simple : We have now reached a social limit on the amount of money 'households' can borrow. We have maximized the incomes ( two per household ). We have maximized the amount of hours that people want to work ( 50-60 hours per week on average, counting traffic hours…[Read more]

elkam wrote:
Hello ItalianDragon http://www.realestate.com.au/cgi-bin/rsearch?a=bhp&t=rurhttp://www.rural-real-estate-guide.com/Just  to start you off. Elka

Thank you!I knew realestate.com.au but did not know the second one.

ormeau wrote:

yarpos wrote:

ormeau wrote:
What makes you feel that I went to a school of concise-ness?

its not about you ormeau, the quote(refer heading and last line) is hollandguys

My apologies yarpos, and sorry if I come across a little pessimistic regarding oil.When I first started researching the matter it took quite some time before…[Read more]

Maxxi wrote:
Italian Dragon,I lived in Adelaide for many years until recently … I also agree that it is not likely that the property prices will double in 10years but they will continue to rise.  In spite of the economic conditions …. the defense contracts and the mining boom will hold the SA economy relatively stable for the next few years…[Read more]

devo76 wrote:

ItalianDragon wrote:

devo76 wrote:

ItalianDragon wrote:

devo76 wrote:

ItalianDragon wrote:

Skip101 wrote:

gmh454 wrote:
In Sydney we have already seen 850K homes (asking price pre slump) sell for under 500K, Kellyville, the divorce capital of Australia.Palm Beach $6.25M to $4.5M in under a year, both ends of the…[Read more]

devo76 wrote:

ItalianDragon wrote:

devo76 wrote:

ItalianDragon wrote:

Skip101 wrote:

gmh454 wrote:
In Sydney we have already seen 850K homes (asking price pre slump) sell for under 500K, Kellyville, the divorce capital of Australia.Palm Beach $6.25M to $4.5M in under a year, both ends of the market.Wonder how many of the bulls here…[Read more]

devo76 wrote:

ItalianDragon wrote:

Skip101 wrote:

gmh454 wrote:
In Sydney we have already seen 850K homes (asking price pre slump) sell for under 500K, Kellyville, the divorce capital of Australia.Palm Beach $6.25M to $4.5M in under a year, both ends of the market.Wonder how many of the bulls here are taking there own advice and swooping…[Read more]

Skip101 wrote:

gmh454 wrote:
In Sydney we have already seen 850K homes (asking price pre slump) sell for under 500K, Kellyville, the divorce capital of Australia.Palm Beach $6.25M to $4.5M in under a year, both ends of the market.Wonder how many of the bulls here are taking there own advice and swooping in to prop up there portfolio before…[Read more]

Linar wrote:
Hi IDI didn't say that property prices will double in 10 years.  I said that a house bought today would be worth in 10 years time.  And the recession that happened in the late 70s?  Well, property prices have gone up substantially since then.And your suggestion that an average house (being "your house") will be worth $10 millions wh…[Read more]

Skip101 wrote:

Quote:
well, how about "shill bidding" at some auctions?Friends of the seller or of the realestate agent who offer fake bids just to show more interest in properties?I should search a news about this, it was found to be popular in Sydney.

Clearly you have a dislike for real estate agents, that's fine, however by carefully…[Read more]

Skip101 wrote:

Quote:
I disagree, I have been dealing with lots of agents and everytime there is an open inspection they claim there is already an offer on the house, sometimes even 2 !!Then 2 months later the house is till there unsold and at a cheaper price!

This confirms what I said, ultimately it is the market (buyers) who determine the…[Read more]

Skip101 wrote:
Too much negativity and not much common sense/fact in a lot of this thread, personal opinions, often from people who have no idea of the Australian market, in some cases not even residing in the country, hence no first hand knowledge.

ItalianDragon wrote:
The most annoyning thing is that REALESTATE agents are the number 1 people…[Read more]

The most annoyning thing is that REALESTATE agents are the number 1 people who inflate prices and they keep trying to pump and pump despite the market is collpasing.I thing realestate agents should NOT be paid in % but  on a fixed income.Then you`ll see less hyping strategies.