Originally posted by georgisj:
A large part of the early 90’s QLD property bust, was due to the significant capital gains fuelled by the frenzy of Japanese money in the 80’s.
I don’t think there is an artifical boost in the QLD market over the last few years. More like the same factors that have been present in all other areas in…[Read more]
Originally posted by residentialwealth:
The underlying factor is that demand in certain markets is outstripping supply, take a look at Queensland and in particular the experts predictions on the growth this year alone of the market between Brisbane and the Gold Coast (Coomera 25%+).
An expert seeks out denand hot spots, like the stock market some…[Read more]
These sorts of sweeping generalizations apply to the capital and major cities obviously.
I understand your point about “which” property market. It is the same in the (unmentionable word)market. While the major (unmentionableword)s were all tanking in 2000-2003, I can show you smaller capitalized companies that appreciated 600% or more…[Read more]
Well Peter, thats what makes a market, eh, different perceptions of value.
I see it every single day in the (unmentionableword)market.
I was just reporting what was said, without offering my opinion, but I tend to agree that in general, prices tend to regress to the mean. At the moment we are unquestionably on the upper extremes of the long term…[Read more]
>>We are many years behind the States and Europe and having property today will make us the rich of tomorrow. Property prices here are not beyond the average person here compared to Europe etc. But its starting to go that way.<<
There are two problems with this hypothesis:
1/The UK has the most expensive r/e in europe…but the rate of home…[Read more]
Originally posted by MortgageHunter:
Lets put this in perspective. If banks start to foreclose on people who have negative equity because of falling prices then this will only fuel any falls tenfold. This means the banks will be selling an asset worth even less than if they hadn’t started foreclosures.
Just make sure, when the tenants move out, you take some of their bond money to cover the cost and expenses to fix the problems and unwanted cost your tenants caused you.
No bargains for a couple of years yet. It will take time for financial pain to set in for those overcommitted.
Sharemarket:
Be bloody careful if you are looking long term. Be very very selective. P/E multiples are still way too high overall….in other words not too many bargains to be found…but there are some…do your…[Read more]
>>I am not sure that wayne and diclem speak for every aussie in their perspectives on Jenman.<<
Well of course not!!
I must say that despite the emoticons on forums such as these, it is sometimes difficult to get across the spirit of the words one is typing. I don’t believe Sue was attempting to deride Jenman when she said she had a…[Read more]