Bullish Residex
- Thread starter MJK
- Start date
Great lets buy now before prices rise !
I actually think their right. Prices will probably rise, just not enough for you to start buying. Remember the property clock?, it says 3 years stagnation, 3 years boom, 1 year bust. Well we are comming slowly out of the bust into the 3 years of stagnation where prices to go up, but only a bit.
With rising interest rates, it is a brave call to predict that property prices will rise. They may rise in some areas, but overall the price growth is likely to be small in the short term.
3 Years
Mmmmm
3 Years. Thats would work out great for me as I have two properties that I
need to build houses on.
At the moment in the Soutwest of WA it can take up 5 months for titles and 18 months to build a standard 4 bed 2 bathroom house.
So at the 2.5 year mark I will be ready to buy again.
Cheers
Mmmmm
3 Years. Thats would work out great for me as I have two properties that I
need to build houses on.
At the moment in the Soutwest of WA it can take up 5 months for titles and 18 months to build a standard 4 bed 2 bathroom house.
So at the 2.5 year mark I will be ready to buy again.
Cheers
Cycles are in different stages in different states. Melbourne dropped first, then Sydney and Brisbane.madmurf said:Mmmmm
3 Years. Thats would work out great for me as I have two properties that I
need to build houses on.
At the moment in the Soutwest of WA it can take up 5 months for titles and 18 months to build a standard 4 bed 2 bathroom house.
So at the 2.5 year mark I will be ready to buy again.
Cheers
As far as I am aware, WA is one of the few areas still experiencing significant price increases.
So you may have to wait a bit longer....
Cheers,
your kidding arent ya
i hope you guys are kidding. bottom of the cycle - yeh right!!
i hope you guys are kidding. bottom of the cycle - yeh right!!
aussierogue,aussierogue said:
Are you observing that Melbourne hasn't hit the bottom of the cycle yet?
Hi all, from a Melbourne perspective, can't comment anywhere else as we are flat out here developing new projects, can only agree...WHAT BUST? .. have been in property 25 years now, every time you hear doom and gloom, just remember to ask the speaker, how many IP's they own, how long held........
oh gee, none? what a surprise....like all the estate agents who dont even own PPOR. And for every suburb that has decreased in value, you can find ten that have INCREASED. So where does that leave us? Right back to basics.
Good property, well located in good areas is always in demand. Jan Somers original precepts, if you care to actually read them, are still spot on. And forget about when to buy as your primary focus, it's how long you're in the market, doh!
HAVE A PLAN, AND DO IT.
oh gee, none? what a surprise....like all the estate agents who dont even own PPOR. And for every suburb that has decreased in value, you can find ten that have INCREASED. So where does that leave us? Right back to basics.
Good property, well located in good areas is always in demand. Jan Somers original precepts, if you care to actually read them, are still spot on. And forget about when to buy as your primary focus, it's how long you're in the market, doh!
HAVE A PLAN, AND DO IT.
They at least have the desire to keep the whole debate going...selling their reports, given the inadequate nature of property data nationally
I am always a little confused regarding the Residex predictions.
On the plus side they do put a lot of effort into their stats. I believe they look at the economic cycle interest rates etc, and i believe they also have a method of benchmarking that takes into account repeat sales over time of the same property. Therefore median price statistics are less likely to get skewed. This is all good stuff.
On the other side, reports that i have seen (about 1-2 years old now.. haven't purchased any recent reports) for Sydney and Brisbane seemed to be predicting good growth with no major dip in the shorter term. (ie. for units in many good areas in Sydney there were growth rates like 8 & 10% for 3,5 and 8 year outlooks). These growth rates are pretty hard to catch up if there is 1-2 years of flat or slightly negative growth. A 6 month old report for Brisbane didn't seem to highlight any plateau over the next few years.
Regards
Alistair
On the plus side they do put a lot of effort into their stats. I believe they look at the economic cycle interest rates etc, and i believe they also have a method of benchmarking that takes into account repeat sales over time of the same property. Therefore median price statistics are less likely to get skewed. This is all good stuff.
On the other side, reports that i have seen (about 1-2 years old now.. haven't purchased any recent reports) for Sydney and Brisbane seemed to be predicting good growth with no major dip in the shorter term. (ie. for units in many good areas in Sydney there were growth rates like 8 & 10% for 3,5 and 8 year outlooks). These growth rates are pretty hard to catch up if there is 1-2 years of flat or slightly negative growth. A 6 month old report for Brisbane didn't seem to highlight any plateau over the next few years.
Regards
Alistair
g'day
sorry for my ambiguity. i think that we are nowhere near the bottom.
sorry for my ambiguity. i think that we are nowhere near the bottom.
