I'm not trying to be a d&g here but we are looking right now for our own place and what the hell to do with the latest price spike due to FHG !
Where I am, Vic , cheaper brackets have definitely spiked in prices and movement all over again .
Money Morning don't give a very nice outlook , so if you were to rush in right now and they're right . Plus we hold two cheapies so combined if things take Money Morning's route and we go paying too much for our own place right now on top of that - could get fugly .
The thing is, they use an Oz housing price and movement chart, imposed over the US same and going back to the 1880's, not just some 20 yr garbage.
I'd put the chart in but it won't work so if anybody can get it into thread , appreciated .
But the problem is in buying anything right now, according to the chart it doesn't matter who or what you want to listen to it's all right there in black and white.
-The biggest Oz house spike rampage in our history - 4 fold any other , ever .
- Despite what anyone says our house prices have dropped nearly every time following most major previous spikes. Only this spike just like our stock market over recent yrs is no ordinary spike, it's massively out of proportion.
Which explains how you could say , buy a great house 8k from CBD Brissy , for 80k only 10 yrs ago yet the same now is 400 to 500k = 5x in only 10 yrs.
- Then, our stuff has basically followed the US , give or take , for 100 yrs only this time our spike was 'triple' theirs and our next movement is roughly two yrs behind theirs .
Has anybody seen the chart and ready Money Mornings outlook ?
Cheers [ I think ! ]
Where I am, Vic , cheaper brackets have definitely spiked in prices and movement all over again .
Money Morning don't give a very nice outlook , so if you were to rush in right now and they're right . Plus we hold two cheapies so combined if things take Money Morning's route and we go paying too much for our own place right now on top of that - could get fugly .
The thing is, they use an Oz housing price and movement chart, imposed over the US same and going back to the 1880's, not just some 20 yr garbage.
I'd put the chart in but it won't work so if anybody can get it into thread , appreciated .
But the problem is in buying anything right now, according to the chart it doesn't matter who or what you want to listen to it's all right there in black and white.
-The biggest Oz house spike rampage in our history - 4 fold any other , ever .
- Despite what anyone says our house prices have dropped nearly every time following most major previous spikes. Only this spike just like our stock market over recent yrs is no ordinary spike, it's massively out of proportion.
Which explains how you could say , buy a great house 8k from CBD Brissy , for 80k only 10 yrs ago yet the same now is 400 to 500k = 5x in only 10 yrs.
- Then, our stuff has basically followed the US , give or take , for 100 yrs only this time our spike was 'triple' theirs and our next movement is roughly two yrs behind theirs .
Has anybody seen the chart and ready Money Mornings outlook ?
Cheers [ I think ! ]
