What happens now Greece said 'No'?

Discussion in 'Property Market Economics' started by Dhiren Chandvania, 6th Jul, 2015.

Join Australia's most dynamic and respected property investment community
Page 1 of 2
  1. Dhiren Chandvania

    Dhiren Chandvania New Member

    Joined:
    2nd Jul, 2015
    Posts:
    1
    Location:
    Sydney
    Share Market is sharply lower and wondering what if this shall bring some relief to the property market in Australia, specially Sydney?
     
    Dhiren Chandvania, 6th Jul, 2015
    #1
  2. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,091
    Location:
    Brisbane
    Our dollar is now the lowest it's been in 5 years apparently.
    In theory that would increase exports.
     
    Azazel, 6th Jul, 2015
    #2
  3. Rixter

    Rixter Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    573
    Location:
    Portfolio Perth Brisbane Sydney Melbourne
    Property market will carry on as usual.... it's survived wars, depressions, recessions, GFC's etc
     
    Rixter, 6th Jul, 2015
    #3
    Natedog likes this.
  4. Big Will

    Big Will Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Melbourne, Australia
    The price of saganaki goes down and property in Australia continues as normal. If anything more people will want to migrate from Greece to Australia (Melbourne most likely) which would increase the demand on property thus increasing prices.
     
    Big Will, 6th Jul, 2015
    #4
    Azazel, LibGS and WattleIdo like this.
  5. JDP1

    JDP1 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    4,244
    Location:
    Brisbane
    If anything, it will help safe assets like property. And the lower dollar will help it too with more foreign investment looking for a safer home. Maybe some small short term volatility , but small for property market and definitely short term.
    More volatile for shares and dollar.
     
    JDP1, 6th Jul, 2015
    #5
  6. datto

    datto Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    6,675
    Location:
    Mt Druuiitt
    With possibly more migrants from Greece coming to Australia my bet is the price of ouzo will skyrocket.

    Downside is that wog boys will make a comeback:(
     
    datto, 6th Jul, 2015
    #6
    Coota9 likes this.
  7. willair

    willair Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    6,795
    Location:
    ....UKI nth nsw ....
    The bigger problem will be when they open the Banks,or if they open their banking system again if they only have 20% too cover bank holding on paper..
     
    willair, 6th Jul, 2015
    #7
  8. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,091
    Location:
    Brisbane
    Oh man, now I've got a hankering for prawn saganaki.
    Some sources put Melbourne population growing quicker than Sydney already, if people start flowing out of Greece, Melbourne would be on their list for sure.
     
    Azazel, 6th Jul, 2015
    #8
  9. Pistonbroke

    Pistonbroke Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    395
    Location:
    Guangzhou
    More souvlaki bars and Greek cuisine.
     
    Pistonbroke, 6th Jul, 2015
    #9
    Toon likes this.
  10. Chomp

    Chomp Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    207
    Location:
    Perth
    What about house prices in Greece, bargain time ?
     
    Chomp, 6th Jul, 2015
    #10
  11. JDP1

    JDP1 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    4,244
    Location:
    Brisbane
    F---yes! Swoop in I say.
     
    JDP1, 6th Jul, 2015
    #11
  12. devank

    devank Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,670
    Location:
    Inner West - Sydney
    Does it open up any opportunities in our stock market? If yes, which ones would you consider buying?
     
    devank, 6th Jul, 2015
    #12
  13. Chomp

    Chomp Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    207
    Location:
    Perth
    Chomp, 6th Jul, 2015
    #13
  14. Chilliblue

    Chilliblue Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,605
    Location:
    Australia
    There are plenty of ex Greek citizens going back and placing offers on property - especially those located in the less touristy islands
     
    Chilliblue, 6th Jul, 2015
    #14
  15. JDP1

    JDP1 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    4,244
    Location:
    Brisbane
    Lamb souvalki for me...
     
    JDP1, 6th Jul, 2015
    #15
  16. Tillie

    Tillie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    458
    Location:
    Melbourne
    Loving Greek food. Greek lamb roast or souvlaki. Yum! Feeling hungry.
     
    Tillie, 6th Jul, 2015
    #16
  17. JDP1

    JDP1 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    4,244
    Location:
    Brisbane
    Not really..our listed companies do bugger all business with greece. China will impact the asx200 much much more..
     
    JDP1, 6th Jul, 2015
    #17
  18. bythebay

    bythebay Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    292
    Location:
    By the bay
    Most of that debt is carried by IMF not private banks.
    impact on global banking system will be minimal
    Aus should not be significantly affected
     
    bythebay, 7th Jul, 2015
    #18
  19. JDP1

    JDP1 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    4,244
    Location:
    Brisbane
    Yeah..no significant private company wants to get involved. Not now and not even in a yr..their credit rating is an F. I don't know how they will attract foreign investment in the near future. The yields would have to be incredibly good...
     
    JDP1, 7th Jul, 2015
    #19
  20. JDP1

    JDP1 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    4,244
    Location:
    Brisbane
    Just checked..Greece is CCC negative, Ukraine has a higher credit rating at CC.
     
    JDP1, 7th Jul, 2015
    #20
Page 1 of 2