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    Boom times return?

    It is harder to purchase higher-valued properties because any loan against them are considered 'jumbo' loans, which correspondingly leads to a lower LVR that makes it harder to obtain finance for even if income is strong.
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    Boom times return?

    I guess you're right hobo. I think what we need to understand is that a lot of these forecasting companies get work because investment banks / other forecasters need to justify their figures when preparing some takeover/DCF document - and BIS Shrapnel is a convenient company to rely on without...
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    Boom times return?

    You'd think that after being so wrong so often they would stop predicting.
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    Boom times return?

    hobo-jo's data is correct for certain areas that I am looking at. Particularly those areas with high concentrations of migrants - they would pay $2.5m for a property and sell it only 1-2 years later for $1.6m! But these areas experienced a huge boom during the 08/09 frenzy so you if you got out...
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    Boom times return?

    What, that we're all latte sipping hippies? Now back to reading The Age and eating my macarons...
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    Boom times return?

    Clearance rates are nonsense ways of determining strength of a market. All a clearance rate shows is what proportion of properties sold on the day. A low rate could mean vendors are unrealistic, and conversely for a high rate.
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