Forum Replies Created
Thanks guys. That was a big help!
Good post ErikH,
Seems like Steve got it wrong this time…Regards,
DavidThanks YI,
I'd cannot agree more on your last comment. I've give you an 11/10 for that! hahaI believe the current boom had be driven mainly from the government handout and all the other stimulus. Once money gets put into people hands, it'll expand like a ripple affect and what is happening now is everyone is feeling a little richer than they are before the GFC. During period of inflation like this, smart investors will seek the safety of assets, to offset "inflation" and that is exactly what had been happening but the time is approaching for the cycle to reverse to a slowdown.
As the saying goes, what goes up, must come down… and in our current situation, I believe property prices will revert back close to what the price was at the beginning of 2010.
Regards,
DavidHi Asoka,
I reckon property prices still have a long way away. We cannot deny that we have a major issue with an aging population, the goverment will try and get the number of younger people up, to help care/pay for these older generations. Furthermore, Australia is a very lucky country and we have the lifestyle of, which alot of people desire to live in.
Finally, the government are now moving toward building up density and making use of the existing infrastructure, which means "land" will get more and more expensive. We don't have a lack of supply of land, the true fact are that governemnt don't want to release new land, we cannot build houses with big blocks of land like we did in the past, it is un-sustainable.
Regards,
DavidI've bought into springvale about 2.5 years ago… got a 4bedroom house for $301k and it was "cheap", compare to the other 20x houses I looked at during that time… now valued around $430k – $450k (realistically guessing without exageration).
not 50% gain like chief Wigam say, but it is a good gain, a good decision to buy on my part anyway… haha
the thing about asian's, is that some of the older generation who don't speak english, love the area because they can speak their own languages at the shops and make friends of same nationality. If they live elsewhere, they wouldn't be able to socialise as such becoz of language restrictions.
