Apartment Glut coming...

Discussion in 'Property Market Economics' started by euro73, 14th May, 2016.

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  1. MTR

    MTR Well-Known Member

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    If Au$ hits all time lows again of around 65, I just wonder whether apartment buying may suddenly become attractive to foreign investors.
     
    MTR, 15th May, 2016
    #21
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  2. Player

    Player Well-Known Member

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    I think you're right. People change their minds all the time, often frequently.....although not as frequently as MTR changes her avatar photo. :D
     
    Player, 15th May, 2016
    #22
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  3. MTR

    MTR Well-Known Member

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    I have always admired you avatar;)
     
    MTR, 15th May, 2016
    #23
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  4. LibGS

    LibGS Well-Known Member

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    LibGS, 15th May, 2016
    #24
  5. MTR

    MTR Well-Known Member

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    I transferred 100k Au$ to US$ 2 weeks ago, I am going to start taking some good advice I received and start transferring more money to US $

    I believe the writing is on the wall, seems I am not the only one seeing this. I continually watch currency interesting times, another way to make money.


    MTR
     
    MTR, 15th May, 2016
    #25
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  6. LibGS

    LibGS Well-Known Member

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    Woah. And we're off!

    Australian 10-year bond yield at lowest ever
     
    LibGS, 16th May, 2016
    #26
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  7. Ozzie in Texas

    Ozzie in Texas Well-Known Member

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    Really? I remember working across the street from what is now the World Trade Centre in Sydney. It sat as a dead construction site with an empty holes that would fill with water every time it rained.

    I remember the 1980s/90s.

    Excess just needs to work itself out of the system. It is about supply/balance..........and eventually, the system works it self out. It may not happen as quickly as you want it to happen, but it does happen.
     
    Ozzie in Texas, 16th May, 2016
    #27
  8. Mick Butterfield

    Mick Butterfield Well-Known Member

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    Mick Butterfield, 16th May, 2016
    #28
  9. euro73

    euro73 Well-Known Member Business Member

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    That was one building... with perhaps several hundred apartments... in the literal heart of Sydney's CBD... This is quite a significant amount more excess...
     
    euro73, 16th May, 2016
    #29
  10. sash

    sash Well-Known Member

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    Nope.....money is hard to get out of China.

    A lot of overseas investors are also seeing that the OZ markets in Sydney and Melbourne don't make sense.

    They may go to Brissie na dPerth but outside of these cities ..they will go elsewhere.

    Same risk is building in certain US where Chinese investors are running rampant.
     
    sash, 16th May, 2016
    #30
  11. MTR

    MTR Well-Known Member

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    As far as US goes I can tell you we placed an offer on a property in US recently with close to 100 offers.

    Its not the Chinese that are driving this market in US its the Hedge Funds and foreign investors around the world.
     
    MTR, 16th May, 2016
    #31
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  12. MTR

    MTR Well-Known Member

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    MTR, 16th May, 2016
    #32
  13. Skilled_Migrant

    Skilled_Migrant Well-Known Member

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    Skilled_Migrant, 17th May, 2016
    #33
  14. RPI

    RPI SDA Provider, Town Planner, Former Property Lawyer

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    RPI, 17th May, 2016
    #34
  15. Skilled_Migrant

    Skilled_Migrant Well-Known Member

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    Skilled_Migrant, 17th May, 2016
    #35
  16. EN710

    EN710 Well-Known Member

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    EN710, 17th May, 2016
    #36
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  17. Plucka

    Plucka Well-Known Member

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    Heard today that there are 40 THOUSAND apartments coming online in Brisbane within the next 2 years.
    Incredible, who on earth is going to buy them? I can see prices getting smashed.
     
    Plucka, 17th May, 2016
    #37
  18. Handyandy

    Handyandy Well-Known Member

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    Try a low of 51c in Aug 2001
     
    Handyandy, 17th May, 2016
    #38
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  19. Player

    Player Well-Known Member

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    I'll see your 51 cents and lower you another 3 cents.:D

    It got to 48 cents earlier that year.
     
    Player, 17th May, 2016
    #39
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  20. Ozzie in Texas

    Ozzie in Texas Well-Known Member

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    Hmm.....no it wasn't just one building.......and this is the first time either.

    MultiForte » Are we in a house price bubble?

    In the early 1980s house prices across Sydney (and most Australian capital cities for that matter) stagnated for many years, according to Smart Company. In Sydney, the median house price reached about $80,000 in 1981 and stayed there for the next four years. Then in 1990 Sydney property prices crashed 8.8 percent – and stayed flat until 1995 when they slowly shifted upwards. They peaked in 2003 and then flattened until well after the GFC.​
     
    Ozzie in Texas, 17th May, 2016
    #40
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