VIC Melbourne price correction - post examples

Discussion in 'Property Analysis' started by mues, 10th Nov, 2018.

Join Australia's most dynamic and respected property investment community
  1. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    13,443
    Location:
    Melbourne
    Maybe it is (at least partly) to do with the point @Illusivedreams makes above - where the building industry slows down to a trickle, and puts a lot of workers out of work. I can understand that angle.

    The Y-man
     
  2. Illusivedreams

    Illusivedreams Well-Known Member

    Joined:
    3rd Oct, 2017
    Posts:
    2,454
    Location:
    Sydney
    Again didnt say suddenly.
     
  3. MC1

    MC1 Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    386
    Location:
    Melbourne
    Not sure if you're trying to be clever Y man but I'll give you benefit of doubt.

    General consencus with clients is they have tightened purse strings.

    Discussion with Big 4 analyst who works in deposit accounts has also told me that retail withdrawals from deposit accounts has dropped considerably
     
  4. TheSackedWiggle

    TheSackedWiggle Well-Known Member

    Joined:
    28th Jun, 2015
    Posts:
    1,826
    Location:
    canberra
    Changed it to 'Potentially'...
    how about 'unlikely but possibly'?
     
  5. turk

    turk Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    926
    Location:
    Brighton
  6. TheSackedWiggle

    TheSackedWiggle Well-Known Member

    Joined:
    28th Jun, 2015
    Posts:
    1,826
    Location:
    canberra
  7. turk

    turk Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    926
    Location:
    Brighton
    As I said you can make of it what you may, many moving parts in the economy.

    What is a your definition of being leveraged as used by you in post #69?
     
  8. KinG3o0o

    KinG3o0o Well-Known Member

    Joined:
    17th Jul, 2017
    Posts:
    1,074
    Location:
    Sydney
    i have one in doncaster not looking too good :(
     
  9. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    13,443
    Location:
    Melbourne
    No - being serious. I have relatively big (for me anyway) amount invested in retail shopping centres AND banks (see my other threads on LIC vs Shares vs REITS vs everything else) so am interested to know.

    Any impact on retailers will impact my income stream (eventually when the lease runs out, or worse if the retailer goes bust). My main anchor clients are the big supermarkets (Coles/Woolies) along with DJ and Myers - so anything affecting these will be of interest to me. The smaller shops are of slightly lesser concern, although having empty shopping centres is never a good thing.

    The Y-man
     
    MC1 likes this.
  10. TheSackedWiggle

    TheSackedWiggle Well-Known Member

    Joined:
    28th Jun, 2015
    Posts:
    1,826
    Location:
    canberra
    Those with high debts w.r.t to their income, typically D2I 7x+ recently rental income has also come under lot of restriction so its capped to certain percentage.
     
  11. berten

    berten Well-Known Member

    Joined:
    12th Jul, 2018
    Posts:
    600
    Location:
    Melbourne
  12. turk

    turk Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    926
    Location:
    Brighton

    Well that's certainly a new and unique definition, perhaps you can show where this meaning has been used other than by you?

    Leverage is 'The amount in which a purchase is paid for in borrowed money.'

    Whether the LVR is high or low makes no difference to the definition, makes your post rather confusing.
     
  13. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    13,443
    Location:
    Melbourne
    I actually read your post as "minimum age"! :eek::p

    The Y-man
     
  14. berten

    berten Well-Known Member

    Joined:
    12th Jul, 2018
    Posts:
    600
    Location:
    Melbourne
    No comment
     
  15. turk

    turk Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    926
    Location:
    Brighton
    This may be correct although the Sept. quarter increase was .6%, the yearly increase 2.3%, hardly a large jump in the last quarter when the minimum increase took place.

    To quote the article,

    "There was a higher rate of wage growth recorded across the majority of industries in comparison to this time last year, reflecting the influence of improved labour market conditions," ABS chief economist Bruce Hockman said.

    Where did you get your data from?
     
  16. TheSackedWiggle

    TheSackedWiggle Well-Known Member

    Joined:
    28th Jun, 2015
    Posts:
    1,826
    Location:
    canberra
    Days of piggy backing on existing equity based on paper equity and stretching the portfolio further on new loans are soon coming to an abrupt end if not already.
    More and more credit assessors are looking fresh loan issuance thru the prism of totalDebt2Income, it may just become the new normal.

    #DebtStretched #leveraged2Income
     
  17. turk

    turk Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    926
    Location:
    Brighton
    This once again is the new normal, this simply means a move from high leverage to low leverage, your hyperbole has nothing to do with the definition of leverage.
     
  18. TheSackedWiggle

    TheSackedWiggle Well-Known Member

    Joined:
    28th Jun, 2015
    Posts:
    1,826
    Location:
    canberra

    Counter the argument instead of getting stuck on a literal definition of a term, I explained you what I meant in that context.
     
    Last edited: 14th Nov, 2018
  19. mues

    mues Well-Known Member

    Joined:
    17th Feb, 2017
    Posts:
    396
    Location:
    Melbourne
    Reckon we could find our way to examples?
     
    Phineas and Vine Street like this.
  20. berten

    berten Well-Known Member

    Joined:
    12th Jul, 2018
    Posts:
    600
    Location:
    Melbourne
    Please.