Browse Forums Real Estate Re: Australian House Prices - Are they going to crash? 6Jul 21, 2011 11:43 am *Bought the Block of Land with a Delapitated Weatherboard Shack in July 2010 *No Straight answer from Council until June 2011 *Sign Tender with Lily Homes July 2011 *Demolish End of July 2011 Re: Australian House Prices - Are they going to crash? 13Jul 30, 2011 11:11 pm One thing to consider is that stagnant price growth is actually a loss when you take into consideration inflation. Its at about 2.5% currently so four years of flat growth and your property techinically has lost 10%. The property market requires a soild correction in some parts to stop the chance of a total price crash just like would happen in any market. Re: Australian House Prices - Are they going to crash? 14Jul 31, 2011 2:44 pm Hi, The housing market and prices of homes in many suburbs is not going to drop and I agree with the last post that prices will be stagnant. However is this a very good time to source out a property and buy one if you have a set budget. While I am based in the inner city Melbourne, I have been keeping an eye on property data sites like www.realestateview.com.au/propertydata where average prices on houses in specific area can be checked. Also myrp.com.au will give you an idea of what to pay for houses in different areas. Re: Australian House Prices - Are they going to crash? 16Aug 09, 2011 3:29 pm A number of news articles today about CBA and Westpac cutting interest rates on their fixed interest loans by as much as 0.6%. Also talk of 0.75% cut by the reserve next month with more to come (1.5% apparently). If this plays out the same as last time, house prices could be headed up another 20%. Worth keeping an eye on this I think. A crash is starting to look more and more remote and another run up more and more likely even if everyone is getting tired of ever rising prices. Re: Australian House Prices - Are they going to crash? 17Aug 09, 2011 7:14 pm Your kidding aren't you 3times? Large rate cuts are bad news. It means the economy is receeding and needs stimulating. F all chance of double digit growth with an economy going backwards. Last time house prices dropped/stagnated then rose, take into account those loss years and the 20% doesn't look very impressive. Re: Australian House Prices - Are they going to crash? 18Aug 09, 2011 8:55 pm eyspy You should only be concerned if you are wanting to sell, or NEED to sell, otherwise who cares if if goes down or up, just be happy with a roof over your head. Hooray. Why is it that young-ish couples are so stressed over the short-term value of the properties they are about to buy or build, when they fully intend to stay for 20 years and raise a family there? Geoff - Decophile. Re: Australian House Prices - Are they going to crash? 19Aug 10, 2011 8:33 am [quote="Eager"]"eyspy" wrote: You should only be concerned if you are wanting to sell, or NEED to sell, otherwise who cares if if goes down or up, just be happy with a roof over your head. Hooray. Why is it that young-ish couples are so stressed over the short-term value of the properties they are about to buy or build, when they fully intend to stay for 20 years and raise a family there?[/quote] Probably because they dont plan on being there for 20 years because generally speaking a first home wont be suitable for a family forever for a range of reasons (eg commute time, too small, old, schools). Not to mention being mortaged up the butt to afford it. Prices are vital to these people to allow them to move or upgrade or buy a car etc. Re: Australian House Prices - Are they going to crash? 20Aug 10, 2011 11:12 am This is sort of straying of this topics point a little, but I think todays younger people entering the property market for the first time have much higher expectations than times gone by. I am only 52 and when I first entered the property market I was only 28. I bought a piece of rubbish which we renovated and sold (The worst house in the best possible street I could find). It was all we could afford at the time. I would have loved to have had a big house with Home theatre room, pool, games room, formal dining ETC.... but it was out of the question, I worked on what I could afford if my partner lost her job and we only had one income. I was realistic about interest rate rises (took my first loan out for $75,000 @ 9%, within 18 months the stock market crash seen that figure go to 18% !!) I figured I would renovate the house sell and make some profit, then upgrade to something a little bigger, and continue with that formula to eventually get the type of house I really wanted. It worked, and still works. The trouble I see with todays first home buyers is they want it all and they want it now. I watch the current affairs programs and see the stories of doom and gloom and see young peoples dreams and hopes shattered. Then I look at the homes that the bank is about to take from them and no longer have to wonder why it all went wrong for them. A lot of them (Not all) had BIG houses, BIG T.V's , swimming pools ETC.... They never factored interest rates rises, job loss ETC.... They had to have it all now. People need to go back to basics. Start small, work your way up, pay of the home loan, then upgrade. There's an old saying quite apt in today's society "Learn to walk before you run" Tradie may sit at home but will need to get house plastered as well or will you sit it out? 6 9965 I would never build with Fowler homes. I built with them in 2021 and till date maintenance issues are pending. All their existing trades and businesses don't work with… 14 105554 Hi I am wanting some opinions about the build of a steel shed I am going to get one about 4.5 x 2.5 m steel shed and the height will be about 2.3-2.4m high The one I am… 0 14442 |