Search results

Sorry, OK to answer your questions... 1. What happened to the long held belief that property investing value is in the land, not the house. Nothing happened to this belief. It still stands. 2. Its the land that appreciates over the years, as the mantra goes. Correct. 3. Does that only count...

The value of the land increases as the potential density increases, as David suggests.

My point is that even after prices in Tokyo crashed, they are still a lot more expensive than in Sydney. The boom in Japan was much much larger than the Australia boom. The fact that the Japan population is in decline is also a major factor in why prices there never recovered. There is no...

House prices in Tokyo are still much much more expensive than in Sydney, even after the big Japan crash. House prices in Moscow, Oslo, Seoul, Hong Kong, Geneva, Zurich, Milan, Paris, Singapore, Monaco are also much more expensive than in Australia. GlobalProperty Most Expensive Cities 2008...

Agreed! Can't believe there are so many desperate gloomers coming over here from the other forum to try and convert us property investors. I think it started to happen when the RBA slashed interest rates more than expected. I really noticed a new sense of desperation on cphg from that point...

Already did. See top right chart. One of the highest population growth rates in the world. Yeah, no biggie, we have heaps of caves and fields for tents. Didn't Melbourne prices boom by 25% last year. A correction after that is inevitable. That's why I'm not buying property in Melbourne, or...

Better let the government know. Obviously the government should employ smart people like you instead of primary school maths dropouts... I guess the government probably just make this stuff up for fun so that they can build 100,000 extra houses that will sit empty because nobody actually wants...

Hmmm, getting bored of this now. Too many gloomers with their heads in the sand. OK, you guys can go on believing that population growth has no impact on demand for housing and the sky is falling in etc. 2007 Population Growth Oh yes, and vacancy rates are not really at historic lows...

Please explain. Where was the original goalpost, and where did it move to?

Are you saying there is no correlation between population growth and house prices? Really? Huh? :confused: Sounds like sour grapes there YM. Sorry, I probably shouldn't have mentioned that bit about selling up just before the boom. It must be painful to remember. Oh, and I'm not a...

Um, no. Not rubbish. Australia's current absolute population growth is the highest ever. Please point out one year in the past where the population has grown by more than 336,800 people. http://www.abs.gov.au/ausstats/[email protected]/mf/3101.0 More strawman. Who said it was? :rolleyes:

Sure is. Shadow.

I didn't say that the Japan population went into decline immediately after the bubble burst. That was a typical red herring straw man argument thrown in by Max/Foundation. I said that Japan has a declining population. What my chart clearly shows is that Japans population basically flatlined...

Are you referring to the McMansion strawman argument above? Wrong again. The fact that most property is held by owners occupiers is very very relevant to the future of prices. Always has been and always will be. It is the key factor in the long term stability of the property market and the...

Foundation, I know you generally need to resort to this tactic when you're losing the debate and have run out of sensible arguments (which never takes long), but let's leave the petty insults and childish attacks for cphg, OK? Somersoft is a forum for grown-ups. ;)

Sorry TF, but you are wrong here. Sunfish said... 'But the shares have dropped 50% you say. Note the past tense. They can't drop another $25 but if they go broke you can put your head between your legs and kiss your ring goodbye. The country is toast..... All of it! The bank will own your...

Probably about as confident as somebody was that it was a good time to sell a house in Brisbane just before the boom, right? 80,000 dwellings sold in Sydney in the past 12 months. It will take a whole lot of distressed IP owners to flood that market and drop the median by 40%. Hasn't happened...

Wrong. The majority does matter. If one distressed vendor sells at a 50% loss, but 9 non-distressed vendors sell at current prices, then the median house price is not suddenly 50% lower. The majority is the key. For example, in Sydney the total sales volume this year is much the same as last...

I don't believe the Australian median house price will fall 50% anytime within the next 6 years. PS: please look up the definition of 'straw man'.

Haha. I got banned from the other forum for saying stuff like that (in fact I used pretty much that exact wording on occassion!). Are you sure you're a true cphg'er. You should resign from your moderator position there forthwith! :D