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Is this of concer? Internet Jargan and Economist property market critics?

Discussion in 'General Property Chat' started by Ethan_89, 7th Jan, 2016.

  1. Ethan_89

    Ethan_89 Member

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  2. Leo2413

    Leo2413 Well-Known Member Premium Member

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    Alright then i'll put all my properties on the market for sale.

    I'm soooo excited looking forward to the pension. yippie!! Fun times ahead old chaps and chapettes.
     
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  3. Depreciator

    Depreciator Moderator Staff Member

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    I suspect there has never been a single day in the last 30-40 years where somebody, somewhere, has not said there is going to be a crash in Aussie house prices. It's always possible to find comments like this.
     
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  4. WestOz

    WestOz Well-Known Member

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  5. Azazel

    Azazel Well-Known Member

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    What is it now, about $600/fortnight?
    Sweet, looking forward to it!
     
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  6. 2FAST4U

    2FAST4U Well-Known Member

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    I can't see anything crashing until Australia reaches double digit unemployment. If that's the case Australia will be much worse off than it was back in the early 90s. Unemployment was double digits in the early 90s, but the proportion of full-time permanenet jobs was significantly higher than it is today. These days the labour market is much more casualised and jobs are much more precarious, particularly for the unskilled.
     
  7. Leo2413

    Leo2413 Well-Known Member Premium Member

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    @Azazel agree mate. What they , meaning all the pundits/economists don't tell you (and it's largely because they are clueless themselves) is what is waiting around the corner for ppl who retire on the pension. And what that exactly will entail for many, many people. And if your still renting at that point then it's doubly game over.

    The investment markets aren't peoples enemy. On the contrary. It's their chance of saviour upon retirement. Just my opinion.
     
    Last edited: 7th Jan, 2016
  8. Chilliblue

    Chilliblue Well-Known Member

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    @Ethan_89 some of those articles are old and as stated above, cannot see it happening to the extent that the public read into those types of articles.

    Certain properties and property owners are at risk, but saying that, they may also be at risk even during a bull market.

    Like all investments, there are risks associated with the purchase of property and your job as a savvy investor is to minimise those risks.
     
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  9. Depreciator

    Depreciator Moderator Staff Member

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    Apart from mining towns, the major Australian housing markets seems to deflate in a pretty orderly way - as Sydney is doing now.
     
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  10. 2FAST4U

    2FAST4U Well-Known Member

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    Add regionals to that list. The only ones that aren't stagnating are the towns with population growth.
     
  11. Angel

    Angel Well-Known Member

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    Hi Ethan. "Why Aussie house prices could crash in 2016" is clickbait. It comes from a website whose goal is to get you interested in their stock market investments. The other articles are about Sydney and Melbourne.
     
  12. Johnny Cashflow

    Johnny Cashflow Well-Known Member

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    Sounds like Adelaide
     
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  13. 2FAST4U

    2FAST4U Well-Known Member

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    Yeah Adelaide is pretty bad and the unemployment isn’t even in double digits…yet! Some parts of the northern suburbs have higher unemployment and the effect hasn’t been a crash- just stagnation. Yet half the northern suburbs is either public housing or owned by investors looking for yields, which has no doubt softened any further capital losses. There are still a few mortgagee sales around though. That said I read an article recently, which stated that mortgagee sales are at an all-time low, which is because of the low interest rates. Interesting times…
     
  14. bez23

    bez23 Well-Known Member

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    Logan and Ipwich doing this according to the video? How's the vacancy rate there??
     
  15. 2FAST4U

    2FAST4U Well-Known Member

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    If the stock market crashes what would that mean for property? I'm not into stocks myself but from following mainstream media there seems to be a lot of doom and gloom, particularly in relation to China.
     
  16. Omnidragon

    Omnidragon Well-Known Member

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    If I worried about everyone's views, I'd soon die from stress.
     
  17. dabbler

    dabbler Well-Known Member

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    Astute my dear, astute.... (have the agents taught you nothing)
     
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