Browse Forums Real Estate Re: property pricing during economic crisis 21Feb 18, 2009 3:15 pm If the media stopped loving the idea of an 'economic crisis' so much I doubt we'd all be as stressed out. Whilst it's a good idea to be realistic it does no one any good to panic. Just be sensible and conservative is my theory. Re: property pricing during economic crisis 22Feb 18, 2009 6:41 pm stu Just to put this 5% unemployment into perspective, with my basic maths skills (and please correct me if im wrong), 5% of a working year is equal to being unemployed for 13 working days per year, thats not too bad...go on holiday or get some rest...think of it as work life balance. Now stop freaking out and spend some money on some good ol Aussie products Interesting analogy. A lot of European countries (where they have proactive unions) actually reduce work hours across the whole workforce rather than sacking the chosen unlucky. Just like your analogy, they give staff 2 weeks off or reduce to 4 day week etc. Re: property pricing during economic crisis 23Feb 19, 2009 8:06 am My partner has already been given a 9 day working fortnight, which works out pretty okay for us. They did this rather than sack people, which I thought was quite refreshing.
There was a time not so long ago when I wouldnt even think about asking for days off without pay, now its welcomed...I say use it! Re: property pricing during economic crisis 24Apr 21, 2010 2:44 am how wrong was Steve Keen, Internationally Australia's Affordability ranks 14 from 255 - as at 3rd Quarter 2009 Re: property pricing during economic crisis 25Apr 21, 2010 8:31 am Hahaha, so right! I know someone who was in the market to buy in Melb about that time (2008-ish). They were looking at about 220-250k range. They've been delaying their purchase ever since, especially since the FHOG scheme (thinking that once it's stopped, the inflated prices would fall). Now they are still looking, but those same houses are about 320-350k range or more. With the population growth and chronic lack of housing, there must be a really big problem to bring the market down by a whopping 40% overall. Even 15% is big drop for Oz imho. Having said that, we can never know what new scheme they might come up with! On top of that, there are always isolated pockets of the market (even individual streets) where R/E can behave quite erratically. Apparently that's what happened to one part of one suburb here - houses bought in the 900k range were sold in 600k range about 2 years later - if newspapers are to be trusted. My signature is distracting people from my wise posts ... Re: property pricing during economic crisis 26Apr 25, 2010 11:24 am It's interesting reading comments from a while ago. Hindsight is a wonderful thing. This thread was started in Oct 08. Yes everyone was talking huge drops. Some waited and are still waiting. I was "lucky" enough to buy a unit in Elizabeth Bay (Sydney) in April 08. I didn't believe the dropping 40% as Sydney had been flat for 5 years. It's gone up 45% in 2 years. THANK YOU!!!! Can you give advice on how to get missing certificates needed for a form 21? Our bank requires us to provide one but we are missing 4 building certificates from our first… 3 71811 i would suggest nothing is unreasonable for PCI. we did all sorts, including checking the hot water, checking all the GPO's had power, testing that the showers were… 9 98680 Just to makea point about this, an approach that some people have found sucessful in negotiating these rises down, Is to provide some workings to the builder, specifying… 4 81716 |