Property bust not here yet … worse to come

Even if it does eventuate it may only do so after the prices have gone up a lot.  Someone who has been waiting for a 30% crash since prices were a third of the peak is still going to end up worse off. He would also be reduced to choosing  from a limited number of properties since most sellers would refuse to sell so low and simply withdraw the property from the market  until conditions improved.
 

Looks like we all see what we want to see. Yes top end has dropped in many areas. But for every example of a drop. Another example can be found of a rise.Sooooo many variables across the country.

Fact is the big drops many anticipated   DID…….. NOT…….. HAPPEN.

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 now correct mid-low RE prices in this round.
Will it happen?

Struth – 3 years for a thread – you guys need to speed up the typing a bit. This must be historic !!!
S'pose this thread should've celebrated a few birthdays too for W4L  as the original thread starter –  and still going strong, amazing.

World economics is not my forte that's for sure, but I hope it's true that Australia is well positioned with oil and mineral assets to weather a financial storm. Our mortgages bind our people to their properties and provide a kind of stability not enjoyed by USA.
It's a shame about our high household debt, suckers for advertising we are, and want all the cars boats n gadgets, and wow man nothing to pay for 600 days , cooool. Or put it on your home loan, ouch.

Wouldn't mind if we had better leadership results too.

Still the best country in the world.

cheers
thecrest

I don't get the contradiction – on the one hand we got the RBA and economists saying rates will increase significantly this year and on the other, the fed govt's continued stimulus spending in light of an apparent slow recovery! I wonder if the rate increase rhetoric is there to produce a little fear and cur spending so rates do not have to increase, or increase as much as the alarmists are predicting. Really annoying, if linflation is blowing out and unemploymet has peaked, then why can't our govt read the bloody signs and pull back on the stimulus splurging? Remember when rates were going up like crazy in 2008 to put downward pressure on inflation an then suddenly the GFC hit and just as suddenly was the reaction to lower them, clearly showing that noone has a clue as to how to forecast economic change. In retrospect, it was almost embarrassing for the govt / RBA and the like.   

Wealth, you ok over there? Have you not made a penny this year? Are you really a sucker? What is the rest of the article? Down 1.4 coz they are not lending like they used to because THEY are scared of another GFC?

Deep breath, try another lender.

And it is pretty common knowledge that most pollies couldn't run a bath let alone a shop! Hell the figure head is a diplomat! Talk, talk, talk. Cheap, cheap, cheap.

Keep reading but remember a grain of salt with everything. And when you feel a little down count your many properties and go swimming in your coin silo.

D

Depends on the investor, and their reality

Even in the midst of the worst depression, smart investors can make the biggest returns. From an entrepreneurial perspective, the bigger the problem, the bigger the solution needed, therefore the bigger the payoff. There are still such big problems with real estate in australia today, with some of the highest prices, the highest costs of living and the highest tax rates, combined with some of the highest corruption of politicians in taking away our rights and freedoms in a very consistent manner

Im looking into innovative solutions to some of these problems, because I dislike much of the status quo in real estate and how it benefits unaustralian interests

A smart investor looks at the evidence presented and surely can see something smells fishy with the phony worldwide financial system, and the liability being transferred from banking and finance to governments. Political agendas of control, that are just now being fulfilled dont just magically go away, and I am afraid for the majority it will be a very harsh and rude wake up.

Its always good to be informed on the big picture not just the hype. Isnt there something along the lines of 'do the opposite of the masses' as good advice? I am always extremely wary of what is being hyped in the media and by big interests, and I find its consistently against my health and wellbeing

Regards

Pete

Good post Pete. You are right about the control and loss of freedoms. Govt run internet access and censorship, means more control over what information  can be accessed. ETS so that eventually they can charge for the air that you breathe. More bureaucratic red tape than you can chainsaw through in all levels of Govt. They didn't remove the terror laws once the terror threat was removed. But everyone has forgotten very quickly, distracted by the daily grind and working to pay tax. I think Captain Bringdown AKA K-Rudd has a model very much based on the Chinese model of provision of information.  

D

Well I just wish they'd reveal the said tax reforms (ie. the stuff they think is going to control property prices) now instead of firing blanks at us. The 'threats' are becoming very tiring on the eyes and ears.