Society/Culture Australian Property Prices to Crash?

[Steinfreo]

Putting a uni in Freo killed it

Unfortunately the train lines will always mean Perth city will have a ghetto feel

Knocking down the crappy sub 100m2 apartments would also help avoid ghettos

Trainline point and Apartment point are lame observations.

 

[Power Raid]

Trainline point and Apartment point are lame observations.

the older apartments are fine in size and the quality of build. The ones from 2006 on, have cheap fittings and finishes........especially the plumbing. Who wants to hear your neighbours bodily movements?

 

[The Edukator]

Hot off the press. Property prices are finally crashing!


NOT.

WHERE ARE ALL YOU DOOMSDAYERS???

 

[Nuggs Bunny]

Hot off the press. Property prices are finally crashing!


NOT.

WHERE ARE ALL YOU DOOMSDAYERS??? View attachment 701716

The media has two speeds; boom and bust because nothing else gets clicks. When they aren't pushing FOMO, they're pushing FONGO but only suckers buy that s**t. The whole agenda is about convincing idiots to buy for overs or sell for unders and keep the real estate market churning for the agents making commission with every house that gets exchanged.

That being said, the recovery in property prices probably wouldn't have happened had the election gone the way most punters predicted. I reckon most of the pessimism in property would have stemmed from not knowing what Shorten's planned changes would have held for the market.

 

[its free real estate]

Bit early to be crowing about a recovery after a few weeks, when there's been two-three years of solid declines.

Strong reminder here of Ross Lyon sycophants after the Collingwood win.

 

[The Edukator]

Bit early to be crowing about a recovery after a few weeks, when there's been two-three years of solid declines.

Strong reminder here of Ross Lyon sycophants after the Collingwood win.

I'm crowing about there not being some massive disaster. The steam coming out of the market was a good thing but there's just so many idiots calling out the end of the world. Meanwhile I continue to make plans to buy another IP and laugh at those missing out.

 

[its free real estate]

I'm crowing about there not being some massive disaster. The steam coming out of the market was a good thing but there's just so many idiots calling out the end of the world. Meanwhile I continue to make plans to buy another IP and laugh at those missing out.

The term bull trap comes to mind.

 

[DaRick]

Hot off the press. Property prices are finally crashing!


NOT.

WHERE ARE ALL YOU DOOMSDAYERS??? View attachment 701716

Economists are very good at predicting what has already happened; they're not so good at predicting the future.

Put simply, if you're going to listen to economist predictions, then why not listen to fortune-tellers? They're probably about as likely to be right.

 

[its free real estate]

Economists are very good at predicting what has already happened; they're not so good at predicting the future.

Put simply, if you're going to listen to economist predictions, then why not listen to fortune-tellers? They're probably about as likely to be right.

I wouldn’t be surprised to see property prices doing anything other than moving sideways for a long time. But this would shred Australia’s economy. What else do we do here?

 

[Steinfreo]

Hot off the press. Property prices are finally crashing!


NOT.

WHERE ARE ALL YOU DOOMSDAYERS??? View attachment 701716

They say this every few months.

 

[DaRick]

I wouldn’t be surprised to see property prices doing anything other than moving sideways for a long time. But this would shred Australia’s economy. What else do we do here?

I know that's a rhetorical question, but we do export minerals.

That being said, so does Africa and it doesn't help them that much.

RE what faces Australia's economy, this graph is also pretty scary:

They say this every few months.

Yeah, it's not like journalists or economists to big up things relating to the economy LOL.

 

[Steinfreo]

What you smooth brains that dont look at history and swallow every load Murdoch and company give you is that we are gonig to see absolutely zero growth EVER AGAIN if the standard of living of everyone across the entire population does not rise through real wage growth. The Chinamen arent bailing us out this time we are on our own, and its going to take a serious changes to the economy for us to get going again. Being a dirty leftie I can only see change occurring through a reemergence of a vibrant/relevant/dynamic labor movement, unions needs to change as real working conditions have changed. We really need another FDR so badly, someone to mobilise the working man for his own interests, our mps on both side are ******* ass clowns.

 

[Nuggs Bunny]

Economists are very good at predicting what has already happened; they're not so good at predicting the future.

Put simply, if you're going to listen to economist predictions, then why not listen to fortune-tellers? They're probably about as likely to be right.

Haven't they been predicting gradual falls of 15-20% in Australian capital cities since 2016? Isn't that exactly what has happened so far?

 

[DaRick]

Haven't they been predicting gradual falls of 15-20% in Australian capital cities since 2016? Isn't that exactly what has happened so far?

Maybe someone like Steve Keen has, but he's not exactly mainstream.

 

[Frank Grimes]

Maybe someone like Steve Keen has, but he's not exactly mainstream.

Didn't he predict that property prices were going to fall something like 40% back in 2007-2008 and lost a bet? Seeing that they have almost doubled since then, they would have to fall 70% from its peak for him to be right.

I can't see that happening.

 

[its free real estate]

I know that's a rhetorical question, but we do export minerals.

Very small parts of Melbourne and Sydney’s economy are related to minerals exports.

 

[its free real estate]

Haven't they been predicting gradual falls of 15-20% in Australian capital cities since 2016? Isn't that exactly what has happened so far?

I don’t think Andrew Wilson has.

 

[DaRick]

Very small parts of Melbourne and Sydney’s economy are related to minerals exports.

Talking nationally.

Didn't he predict that property prices were going to fall something like 40% back in 2007-2008 and lost a bet? Seeing that they have almost doubled since then, they would have to fall 70% from its peak for him to be right.

I can't see that happening.

I don’t think Andrew Wilson has.

Well there we go. They're just as prone to guesswork as everyone else.

 

[Poor Form]

I observed drops of up to 20% in some areas of Melbourne since Nov '17 to recent months, that is a crash in any world except ours where we were just coming off 10-20% rises per year it does also appear the market will start rising again so happy days for those who bought in recently for the foreseeable future.

 

[Benny78]

So the cashrate has been cut 0.5 and ANZ are only passing on 0.25. After passing nothing from the first rate cut

Any banks actually passing on the full 0.5?

 

[Power Raid]

Seems like the rate drop was all about saving our banks

The lower FX will be a boom for our exporting states

 

[Messenger]

Seems like the rate drop was all about saving our banks

The lower FX will be a boom for our exporting states

It won’t do much. Lowe has been asking the govt to extract the digit for a while now but the symbolism of a surplus is more important that fiscal policy things moving.

 

[its free real estate]

It won’t do much. Lowe has been asking the govt to extract the digit for a while now but the symbolism of a surplus is more important that fiscal policy things moving.

Lowe and the entirety of the RBA should be sacked.

 

[Messenger]

Lowe and the entirety of the RBA should be sacked.

For what? Pulling the lever too far?

 

[Poor Form]

For what? Pulling the lever too far?

Cutting twice so quickly imo was not necessary, spending tickets earlier than necessary.