@ xdrew – my apology, did not meant to upset you or sidetrack the thread.

Been to the open house today at wavell heights (brisbane), property been on the marked for couple of months. Discount from original price 15% , three persons show up including me. Agent has no offer, asking for a feedback. Property is above $700K mark.

Had a chat with…[Read more]

I think we getting off topic here.
Thread’s point is to to discuss the ‘fall’ of the prices on housing in Australia. And as per RP data they are falling as of 2011.

Been predicted to start falling in 2006 by some members, on first 5-6 pages. Been predicted to fall much further too (thanks for spelling correction moxi10, my German background shows…[Read more]

moxi10 Joined: 06/11/2010
EPI_Den Joined: 13/11/2010
xdrew Joined: 20/11/2010

Funny that, three persons all joined fairly recently, few days apart from each other and have similar view on the subject.
Nick-names are not very creative to.

I make no conclusion, let time and posters decide

Do not know about you guys, but market is going down in mine view in 2012, even more.
I got few properties in 2011, looked at many more. And I can tell you that discounts of 10% are easy to get, 20% is still possible but getting harder, 30% is normally does not make it to general public and get’s sold via private channels.

So, I see drop in…[Read more]

Hello All,

Where are we at today, 7% drop plus CPI of 4% conservative. Can we call 2011 as 10% loss for Brisbane in RE values?

Anyone want to call what 2012 will like ?

Origiona: http://www.macrobusiness.com.au/2011/11/residex-house-prices-fell-in-october/ Residex: House prices fell in October Posted by Houses and Holes in Oz Housing Bubble on Nov 22nd, 2011 | 44 comments Yesterday Residex released its October median…[Read more]

Bump for the old thread!

+1I am thinking along the same line. Till today, for 2011 RE is -6% or -10% with CPI included.Unless the government intervene, we are up for a long slide. Maybe not a spectacular drop but a long gradual slide down for sure.As a side note, I think this is great time to start looking in to the purchasing. Not necessarily right now, but as it…[Read more]

Long therm treads are good.
1. they indicate long time members that contributed and still around
2. they provide great learning perspective as what was expected vs what really happen
3. you get to see who was brave to take a guess

In the last 5 years I seen so many people come, make a noise and go. I value those who been around for some time

Well, I was a LOONG time Bear for RE, to be exact since 2006 (as per start date of this thread).
I now planing to come back in to the RE as a investor. I believe that times are great as falling prices and rising rents offer increasing ROI.
One can now relatively easy locate 5.5% return (via rent) VS 3% couple of years back. As next 12 months…[Read more]

ummester wrote:

abcd1 wrote:
I agree and am one of those buying in qeensland nows a great time to buy when everyone is scared

Buying when everyone is scared is a good idea. I don't think everyone is scared yet though.Buyers obviously are, as stock is rising and prices are softeneing.Vendors aren't really scared yet.

Agree with observation. …[Read more]

[/quote]I knowYes, my silver has given me great returns… I just wish I had stacked the boat 10 years ago when you could get the stuff for 4 bucko's an ounce I was only making $10/hr hour back then, Though I could have bought 2.5 ounces for every hour of work I done.Now I earn $40/hr and I can only purchase a bit over 1 ounce for an hours…[Read more]

Thinking out loud on ROI in Brisbane, Townhouse in Wynnum. Assuming cash purchase:Value $350KRent $400ROI: 6% (less agent fees, rates, body corporate fees, depreciation, down time), be actually close to 3%Trouble free deposit in the bank (say Ubank) is 6.51%Buy some Silver: 80% last 12 monthsBuy some Gold: 20% last 12 monthsGive you an idea where…[Read more]

^^+1, for Australia to become affordable to general mass of Australians (bottom 70%) real estate prices have to half from what they are. Or wages need to double. Anyone see wages doubling next 5 years and property pricing remain the same? That would be 20% inflation.

AIF QLD wrote:
A very good statement sent to me today about what is going on around the world!"The only person who can assure you of health, wealth and happiness is – yourself! Altitude is determined by attitude. If you choose to listen to, take on and acknowledge all the negative stories and events that are thrown at you every day, then what…[Read more]

luke86 wrote:
I think you will find that property repossessions are relatively low compared to other developed nations around the world, and by no means high compared to historical levels in Australia. No need to hit the panic button.Cheers,Luke

Agree, my post reads like a bit of over reaction.This is probably a result of been frustrated with …[Read more]

You would want to work as property repossession officer… plenty of work even now in Brisbane…

Buckle up, next 3 years will be bumpy. This of coarse depends on the road your property is traveling.I would dare to speculate that if we will have another 2008 style sell off in shares, AU will end up with plummeting RE values 12 months later on.

Sounds about right, ksherwell. Some one I know tried to sell IP in Brisbane, only few came to have a look over 3 months and only one couple considered to make and offer. He needed to discount too much to make a sale, so he pulled off the market.He is the lucky one, who do not really "need' to sell.

fWord wrote:

emptyvessel wrote:
Usually by the time everyone is talking about buying something specific around the watercooler, the time has passed to get in.

Precisely right. And this is why I so sarcastically questioned in a previous post whether anyone has actually already bought gold or silver. Looking at the graphs it appears the…[Read more]