Forum Replies Created
- bardon wrote:
But affordability continues to put pressure on the housing market in Perth, where prices are expected to rise by just 6 per cent over the next three years.
Dont kid yourself Mr News reporter, with 2.5 billion buyers (IE: Chindia + zinc, copper and iron ore)
WA will be the Mecca of Real Estate prosperity and maximum profits.
House prices double in value every 10 years in Australia based on what? The fact they have done so over the last 60 years? What about the next sixty? I love comfort zones.
Our work here is done then yarpos. Up up and away!
god_of_money wrote:Waste of the time reading this forumJust like your posts
elkam wrote:
Such a waste of resources.Elka
That's what I say about oil!
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 the reality of the situation sunk in, I find it tough to keep a smile on my face regarding my outlook on life nowadays. I know I cant control the future but it has taken its toll on my business and property accumulation. Its been quite a few years since I have been on this site. From memory SM was just entering the US property market, it would be interesting to know how he fared regarding that considering they have had a 25% average fall in price. I believe it there is much worse to come.
Currently I am researching productive agricultural land in areas that are of close proximity to Ocean access, and rail. From the research that I have done its helped me come to the conclusion that these parcels of land will be the ones of high value. The burbs are in trouble and I agree that inner city will hold some level of value too because of rail.
What makes you feel that I went to a school of concise-ness?
yarpos wrote:why do you think nobody else does their research?just because we dont have the same perspective or communicate in the same patronising ranting style does not mean we are ill informed
Why do you think I am a doomsdayer with a ones sided view of the world?
Wow wee, I'm a doomsdayer extremist? Well what do you know? So you guys are the resident experts on energy then? Well now that makes me feel all warm and fuzzy inside.
So we are going to replace 48% of agricultural fossil fueled based production cost with some market driven magic bullet then yeah?
We are going to bulldoze all the homes around the Sydney metro basin and replant the crops that fed Sydney over 60 years ago? And this is all going to happen overnight yeah?
I suggest you get your heads out of the sand and start researching guys,
So lets see, all the people interviewed in this special event Four Corners/Catalyst programs are all Doomsdayers? They must be because I am one of them. http://www.abc.net.au/4corners/special_eds/20060710/default_full.htm
http://www.abc.net.au/catalyst/stories/s1515141.htm
Oh, i thought I should throw this shallow argument in as well http://www.abc.net.au/science/crude/
The free markets will save us! Our government is so blind to the tsunami of economic destruction its makes me want to cry, I know the solution is there guys, the unfortunate reality is our leaders are doing jack in time to avoid an economic collapse that will be unprecedented in modern history.
But you already know that I bet.
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 are taking there own advice and swooping in to prop up there portfolio before the market jumps again ????
what is more relevant to property investors on this board is that properties ideally suited for rentals throughout Australia in the $180,000 to $300,000 range have only experienced minimal downwards pressure on price, in other words drops of 20 to 30 percent are not happening unless the property is grossly overpriced to start off with.
Every property in Australia is OVERPRICED.
Now let me see. I bought my IP in a central location in a desirable location for $295,000. Replacement cost of the building alone is about $250,000. Making my land value $45,000( Yeah right). Vacant land nearby is selling for $180,000 to$260,000.Not all property is overpriced.
if you think that a 600 sqm of land is worth $200,000 (which is about 4 times the average Australian income) is cheap then, any comment is useless.
Your comments are truly useless. making reference to ALL Australian property within one sentance
So you are saying that a block on sydney harbour and a block 3 hours south of broken hill are worth the same.Extreme example but im sure you get the picture.If land is scarce in a desired location with no room for more dvelopment. Its going to go up.($200,000 for land which is four times the average income). Whats that in reference to. Do you think Sydney harbour property is linked to the average income.There is land available for less than one years income in some areas.Nowhere near Sydney but.If you are going to post please add some substance to it. Leave the one liners to the terminator ILL BE BACK.When peak oil is finished with our ass then my friend, unless you know how to garden, your bricks and mortar will only be good for rat shelter.
Have a nice day. http://www.latoc.com
Skip101 wrote:Scamp wrote:How long do you think it will take for Real Estate agents to find out they can earn more money by driving prices DOWN than up ? The updriving has worked for a while. It was a perfect time for them. Now, that has come to a halt, RE agents aren't selling houses anymore , therefor not getting commisions, therefor not getting any MONEY. Soon, believe me, they will drive prices down just to drive sales up.Why would a RE agent try to sell 10 estates at 1 million each ( not selling ) when he can sell them for 500.000 and earn 10*500.000*<insert commission here, let's assume 1.5%> = 75.000 $
instead of 10*0*<doesn't matter> = 0 $If you were a RE agent, what would you do ? .. aaah ok , you'd sell them for 500.000 each ? Me too.
Now, as far as the rents going up thing :
When people can't sell their homes, what would you do ? … oooh ok , you'd rent it out in order to make a few bucks while you try and sell it ? What do you think this will do to the rents ? It will drive them down.
The MASSIVE influx of rental homes that will soon flood the rental market will drive down rentals beyond anyone's belief. That will get more investors ( who were doing ok before renting out ) in problems since they won't find any tenants.Put off your rose-colored glasses please.
1 million dollar properties selling for $500,000? I think you may be losing some credibility here.
Mc Graths Hill comes to mind…………….
Its okay yarpos, perhaps only 01% of the Australian population really have a true idea of the ramifications peak oil has on mankind, we are literally stuck up a culdesac in an SUV mate. Do the research, I plead with all of you guys here to take a few hours out and read up on what i know, i bought gold less than 2 years ago, 3 kilos of it, sold it for $1000 US, and there is more and more ways to make some good coin from the coming economic collapse.
The end of suburbia is coming, and it only has a lifespan of 70 years, think about that for a moment, not all is what it seems.
Cheers
Its okay, we are all saved! Kevin Rudd has asked OPEC to increase oil production (guess he thinks he has a better relationship than GW) and he is going to change the government car fleet to hybrids! Yeh Yeh 3 cheers for Kev
Millionaire shmillionaire, it all wont matter soon guys. Peak Oil, coming to a service station near you!
To further a point in respect to property accumulation for retirement/income streams I would like to add this. See if you can rent or pick up a copy of http://www.endofsuburbia.com/
It may change what you are doing, remember as our fearless leader Steve Mc Knight says, success comes from doing things different
Here is a quote from a great link.
"We hear much these days about values. What does it say then about
the values of a society that accumulates wealth at the expense of the
next generation? Traditionally, wealth was transferred from the older
generation to the next, younger generation. What we have done, for the
first time in Australia’s history, is taken the younger generations wealth
and added it to our own".
Kinda sums it up really, greed is not good, sharing is caring.
My lads in Amerca say the shit is hitting the fan big time over there. We are witness to the largest financial collapse in modern times and we may just get dragged under with it yet.
oil now at $139, serious implications for humanity
Greed is not the answer, if my Grandad who was one of the diggers only knew that hard working families are finding it almost impossible to put a roof over their heads he would be turning over in his grave.
What a sad mess, money money money eh.
