Browse Forums General Discussion 1 Mar 07, 2017 10:46 pm Hi,
I see that the Project Home industry is booming, but im genuinely curious whether others think that prices might get more competitive if the market slows down, whether it be by an interest rate hike, or Real Estate market correction? Let me know your thoughts and whether you think a good portion of home owners possibly over committed with the low interest rates? Cheers Re: Will an Interest rate chage have on Project Home Prices 2Mar 08, 2017 7:20 pm No doubt your right, especially with so many low deposits, 20 percent deposit leaves some huge loans, especially hard when kids come along. Prices with project builders are good, but extras are super expensive, almost to the point of ripping people off. Example friends payed over $700 for garage remote (b, D Doors), I payed for b, D remote, higher model remote, $75,a staggering difference. Re: Will an Interest rate change impact Project Home Prices 3Mar 11, 2017 8:51 am There's no immediate indicators that interest rates will go up any time soon. Reserve bank is very conscious of the factors you have mentioned regarding market exposure and high cost of housing. Its one of the reasons they have resisted any further reductions. Don't want an over committed market. Better to maintain the current rate than a temporary drop followed by a corrective increase. Re: Will an Interest rate change impact Project Home Prices 4Apr 02, 2017 7:58 am Interest rates are now expected to rise (following the US) Project home builders had an increase in December and many continue IE to discuss another increase in April? Is this simply project builders padding up their margins in preparation for a slow down in the market? Re: Will an Interest rate change impact Project Home Prices 6Apr 02, 2017 10:21 am GLO Costs are high as well as margins..LOL...Salesman/Builders tricks to get you to sign/buy are timeless They include: 1. "Sign now avoid tomorrows price rise" 2. "Sign now and receive a Sizzling/BBQ/Smoker $20k outdoor give a way" 3. " No deposit..No problem.. we will give you $5k cash for your bicycle" 4. "Future developments include marinas, hospitals and superfast trains" 5. "We will build your house in 6 months..think of the rent you'll save" Blah, Blah Blah. Those of us that have been around for 25+ years are saying this may be the worst boom/bust cycle ever in Australia? BTW this time around we have the Internet, Data,apps, free access to experts, etc,etc and there is no excuse in not heeding the data/advice.. "Ask Questions, Do your homework & Don't get sucked in with Smoke & Mirrors..." Like ⋅ Add a comment ⋅ Pin to Ideaboard ⋅ BTW some property prices in perth have already dropped 15-20% appsb4ubuild(at)gmail(dot)com Designer,Engineer (Civil,Const & Envir),Builder,Concrete & Masonry Contract.Struct Repairs Re: Will an Interest rate change impact Project Home Prices 7Apr 02, 2017 8:03 pm Not debating the core of your message but the Perth market drop is not a fair indicator of the rest of the country. The WA economy is heavily linked to iron ore mining. They saw a proportionately distorted increase in property values during the boom and the prices crash accordingly as the mining industry went into free fall. Re: Will an Interest rate change impact Project Home Prices 8Apr 02, 2017 10:22 pm WAs fundamentals are sound we add to GDP & Commodity prices are backup and sustainable... Housing has yet to rebound? Designer,Engineer (Civil,Const & Envir),Builder,Concrete & Masonry Contract.Struct Repairs Hi, you've probably already resolved this, however, Commbank will probably pay the funds to you after you send evidence the work is done regardless the change in the quotes. 1 31767 I think the proposal that a supply and demand curve are a natural law are well exaggerated. Wages never seem to follow this curve, and also prices for supply are sticky… 18 20145 Tradie may sit at home but will need to get house plastered as well or will you sit it out? 6 7646 |