Bump for a second month of value loss of RE , 1% in a month that is what… 11% year add inflation on the top and you have 15%.China is under crunch now feeling financial limitations of how much they can spend on stimulus.. remeber Chineese stimulus keeps them purchasing Aussie ore.
Does not look like burst is coming in any immidiate future, unstable – yes. It's actually been unstable since 2006 (start of this thread) Australia been great in supporting realestate value, I think it should concentrate on manufacturing/bussiness instead. Will be better in the long run.
fitzydarling wrote:
my very first investment decades ago was two kilos of silver when the bunker hunts cornered the market. to my amazement after buying the first kilo for $500 it went up to $1500, then I bought another at about $1100 expecting it to go up again and it just slid down and down and down and was worth about $200 a bar for the next…[Read more]
W4L, I am looking at gold, rather. Not investment but as protection.2.5 ounce per purchase will keep you under $5k for regestration for ID.Only drawback is many trips to accomulate $150K in phisical gold… OT, I like now we get taxed on inflation… AU prints money at 7% /year. 1.5% population growth = 5.5% inflation created. Bakn gives you 6%,…[Read more]
Bump to the top for quick summary.Let's stay on topic.It's been 4 years since thread was started, todate we have- High end (1M+) wend down and bouncing around now- Mid range (500+) grown, have no knowlege true %, does anyone knows?- Low end went up big time, anyone have %? We have at hand rising IR, poor bussiness perfomance (based on my…[Read more]
Well, well it's been 3+ years for this thread Three years of unpredictable events, fears and hope for some Anyone want to comment on what is coming/hapening? First crash did not effect mid-low range RE in Australia, we know this for a fact now, thanks to FHOG.Now people talking about second wave (double dip) coming. Thinking logically, this should…[Read more]
BUMP OLD thread, let's keep it afloat to see it expectations eventuate. To date we seen no price drop in mid/low range.However the top end sunk a minimum 30% (1m+ properties), that is in Wynnum / Manly / Lota in Brisbane
Michael 888 wrote:
I have been sitting on my hands………….but not idly……have been researching my next foray and am waiting for cap rates to rise further before I venture out and commit..If they are wrong I am still researching and will buy only a value add (with several twists) that is washing its own face and preferably is +ve…[Read more]
I personally know nothing about the economy, but observe thinks… and manage manufacturing facility with 50 staff. I had 25 out of 50 working 3 days/week for about 9 months now. I am not looking to return to full capacity any time soon. We manage to maintain this level by getting new business and introducing new products. People seem to be happy…[Read more]
More questions D,Is what we observe now in share market and latest news lines a 'dead cat bounce" or sign of bottom?Top RE already good 20% down, is the bottom to follow any time soon?Is that just me seeing diamonds (over $20K) starting to loose the value and top cars (BMW, Merc, Bentley) been sold on auction as "unreserved price" ?More questions…[Read more]
Some one from Austrade told me once:Wealthy is when your expenses match profits; Rich is when profits exceed expenses. Anything else is a scale up or down.Talking about where we heading, well how many people have idea of now much construction / infrastructure been going up in the middle east? Dubai alone been building more than whole Australia by…[Read more]
Welcome to 2009 I see many great opportunities coming up in 12-18 months in RE. With pricing on decline I started sniffing out RE I am interested in and noted that in reality I can get 10-20% off asking price on the top of official figures of 10% drop for 2008.We are in for a free fall by the look of thinks. This is great for first home buyers…[Read more]
Once you start getting this kind of discounted RE on the market, it will create chain reaction driving area prices down. It also create shock waves among those who already sitting on the fence, scaring them and they do further mistakes due to emotional decisions.